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 has been in a descending wedge for three months and looks...
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.409M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| TSN (ASX) Chart |
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