May I profusely argue the contra point to your theory that APX will double in a few weeks and state categorically that there is nothing pointing to such a meteoric rise.
Firstly, using your chart as a point of reference you are expecting that within a "few weeks". The legal definition of a "few weeks" is, in the absence of a particular definition, what a reasonable person in the circumstances would understand by the term. So I also will apply a liberal number and apply 20 days as my point of reference...As such, a reasonable and liberal person, like myself, could assume that you are predicting that within 20 days the price will be over $17.00.
Secondly, to achieve this it would need to breach the trend channel as per your chart - where the resistance level is at around $13.00. For the sake of the narrative I have replicated your chart and trend channel and gone further and highlighted your target point of $17 by the green line and 3 arrows.
Thirdly, the share price has regressed way back it 2018 levels
I sincerely wish you well with your prediction - however I personally would be extremely surprised to see it even breaching above the trend channel, based on my TA.
APX Charts, page-2828
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Last
43.0¢ |
Change
-0.025(5.49%) |
Mkt cap ! $95.89M |
Open | High | Low | Value | Volume |
45.0¢ | 45.0¢ | 42.5¢ | $775.3K | 1.779M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 100522 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 55441 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 100522 | 0.430 |
14 | 124879 | 0.425 |
15 | 105402 | 0.420 |
6 | 51712 | 0.415 |
7 | 77800 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.435 | 55441 | 2 |
0.440 | 15090 | 4 |
0.445 | 80271 | 5 |
0.450 | 50000 | 1 |
0.455 | 4113 | 2 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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