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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.

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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 58.0¢		Change -0.010(1.69%)		Mkt cap ! $129.0M

Open	High	Low	Value	Volume
59.0¢	59.0¢	57.5¢	$1.207M	2.078M

Buyers (Bids)

No.	Vol.	Price($)
4	30963	58.0¢

Sellers (Offers)

Price($)	Vol.	No.
58.5¢	73494	6

View Market Depth

No.	Vol.	Price($)
4	30963	0.580
12	331201	0.575
25	204062	0.570
6	157500	0.565
19	370271	0.560

Price($)	Vol.	No.
0.585	73494	6
0.590	123148	4
0.595	65703	7
0.600	52441	7
0.605	103228	4

Last trade - 16.10pm 29/05/2024 (20 minute delay)


Last 58.0¢			Change -0.010 ( 2.06 %)
Open	High		Low	Volume
58.5¢	59.0¢		57.5¢	733776
Last updated 15.59pm 29/05/2024 ?

APX (ASX) Chart