Hi everyone it has been another good week and APX is getting ready for a breakout to the upside.
The stock is forming a bull flag pattern, which is a bullish continuation pattern.
The pattern is characterized by a sharp uptrend followed by a period of consolidation. The consolidation period is where the price is now.
The next stage in the cycle is the breakout, which I believe is likely to occur within the next week.
Based on the bull flag pattern, I believe that APX is likely to break out to the upside and reach a price of $4.50 or higher within the next week.
Here are some reasons why I believe that APX is likely to break out to the upside:
- APX is trading above its 200-day moving average, which is a bullish indicator.
- APX has positive relative strength, which means that it is outperforming the overall market.
- APX has high trading volume, which indicates that there is a lot of interest in the stock.
Hi everyone it has been another good week and APX is getting...
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Last
44.0¢ |
Change
0.010(2.33%) |
Mkt cap ! $98.12M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 44.5¢ | 43.0¢ | $244.4K | 558.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 84861 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 113267 | 5 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| APX (ASX) Chart |