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wegian

2,285 Posts.

343

05/06/23

05:13

Post #: 68125452
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Originally posted by wegian: ↑

In continuation of my previous post, I am thrilled to share some great news.
We have successfully broken out of the downtrend within the falling channel, marking a significant achievement from a technical standpoint.

As I had mentioned earlier, I anticipated a strong breakout this week. However, it is important to acknowledge that profit-taking is a common occurrence in such situations. Consequently, I expect a retracement back to $3.31.Once the price demonstrates a resistance-to-support flip, we can anticipate a bounce, followed by substantial buying activity.

With this in mind, I firmly believe that reaching the $8-$10 mark is well within our grasp. Of course, it is crucial to consider external factors such as world politics or potential pandemics ha ha, as they can impact the market. Nevertheless, if no such events unfold, our prospects appear quite promising.

Expand

Interesting week ahead

The markets are expected to see some green charts this week due to the US debt ceiling raise.

I am expecting a pull back for traders to take some profits in the first part of the week, with support around $3.30.

However, I am expecting an explosion in price clearing $4 towards the second part of the week.

Good luck and good health all!

APX Price at posting: $3.76 Sentiment: Buy Disclosure: Held
2 Upvote

1 Great analysis

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(20min delay)
Last 57.0¢		Change -0.010(1.72%)		Mkt cap ! $126.2M

Open	High	Low	Value	Volume
58.0¢	58.0¢	56.5¢	$280.2K	492.5K

Buyers (Bids)

No.	Vol.	Price($)
11	229402	56.5¢

Sellers (Offers)

Price($)	Vol.	No.
57.0¢	69531	13

View Market Depth

No.	Vol.	Price($)
9	219556	0.565
18	217176	0.560
6	117526	0.555
25	307938	0.550
7	101453	0.545

Price($)	Vol.	No.
0.570	93758	19
0.575	31512	7
0.580	136601	6
0.585	27099	5
0.590	211770	6

Last trade - 11.04am 30/05/2024 (20 minute delay)


Last 57.0¢			Change -0.010 ( 1.79 %)
Open	High		Low	Volume
58.0¢	58.0¢		56.5¢	180738
Last updated 11.17am 30/05/2024 ?

APX (ASX) Chart

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