Gap up today with a run to the resistance level at 50 cents (it went to 50.5 cents) at the open followed by a pull back and rise to the close just short of the resistance at 50 cents. The EMA 9 and EMA 30 have now crossed and volume has increased in the last 8 sessions compared to the last few weeks however it's nothing dramatic.
The base of the flag pole was at 31 cents and the top was at 62 cents for a 31 cents difference between bottom and top. The lowest point of the pennant was at 35 cents. If this clears the 50 cents resistance, my target price is 66 cents (31c + 35c) which ties in well with the 100% FIB extension at 66 cents.
APH Price at posting:
48.5¢ Sentiment: Buy Disclosure: Held
