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68.5¢ appen limited

I believe the price has completed the consolidation and the next...

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wegian

2,285 Posts.

343

13/06/23

16:11

Post #: 68263557
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Originally posted by wegian: ↑

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.

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I believe the price has completed the consolidation and the next few days should be green.

Based on the bull flag principle my prediction is as follows.

I'm predicting the price to be over $4.50 by the 22nd June.

APX Price at posting: $3.14 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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(20min delay)
Last 68.5¢		Change 0.025(3.79%)		Mkt cap ! $146.3M

Open	High	Low	Value	Volume
67.5¢	68.5¢	67.5¢	$417.9K	615.1K

Buyers (Bids)

No.	Vol.	Price($)
2	58600	68.0¢

Sellers (Offers)

Price($)	Vol.	No.
68.5¢	154782	3

View Market Depth

No.	Vol.	Price($)
2	58600	0.680
6	45729	0.675
6	71864	0.670
7	105799	0.665
7	74025	0.660

Price($)	Vol.	No.
0.685	155982	4
0.690	126284	12
0.695	181257	6
0.700	27743	6
0.705	209274	4

Last trade - 10.05am 29/04/2024 (20 minute delay)


Last 67.5¢			Change 0.025 ( 2.46 %)
Open	High		Low	Volume
68.0¢	68.5¢		67.5¢	48815
Last updated 10.24am 29/04/2024 ?

APX (ASX) Chart