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.
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May I profusely argue the contra point to your theory that APX...
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Last
$1.00 |
Change
-0.215(17.7%) |
Mkt cap ! $223.0M |
Open | High | Low | Value | Volume |
$1.25 | $1.27 | 99.0¢ | $33.62M | 31.22M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 117991 | $1.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.01 | 69030 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 117991 | 1.000 |
6 | 25408 | 0.995 |
20 | 270258 | 0.990 |
4 | 125452 | 0.985 |
10 | 326467 | 0.980 |
Price($) | Vol. | No. |
---|---|---|
1.010 | 69030 | 2 |
1.015 | 15958 | 2 |
1.020 | 50266 | 5 |
1.025 | 16730 | 3 |
1.030 | 118024 | 3 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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