APX 0.00% 47.0¢ appen limited

May I profusely argue the contra point to your theory that APX...

  1. 12,836 Posts.
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    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...smile.png 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.
    https://hotcopper.com.au/data/attachments/3653/3653975-db9069fc5a2ae0bd63f98c318c37799f.jpg


    Thirdly, the share price has regressed way back it 2018 levels

    https://hotcopper.com.au/data/attachments/3653/3653941-e116bc45f93bda7b1c4fb27460425d36.jpg

    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.



 
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