APH has been in a descending wedge for three months and looks like it has finally broken out of that pattern. There has been a MACD crossover in recent days and it looks like the EMA 9 and EMA 30 have both turned up with a potential crossover in the next couple of weeks. Now looking for a retest of the resistance at 50 cents before a resumption of the upward trend.
This aligns nicely with company fundamentals of supply agreements signed with Coles, Woolworths, 7-11 and independents, with products appearing on shelves in the last few weeks.
(I'm trying to learn a bit of TA and charting so feel free to provide feedback.)
APH Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
