APX 2.33% 44.0¢ appen limited

The price encountered a significant obstacle at the long-term...

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    The price encountered a significant obstacle at the long-term resistance level and temporarily dipped below support. This breach of support resembles an occurrence known as a "tree shake," where less confident investors panic and sell their holdings, creating an opportunity for savvy investors to purchase these shares at a discounted price.

    Currently, the price is trending upwards towards the long-term resistance level, and there are indications that a breakout is imminent. This breakout has the potential to initiate a fresh phase of price discovery, driven by both technical factors and underlying fundamentals.

    In the upcoming weeks, we anticipate a notable increase in buying activity, as market participants recognize the favorable conditions and prospects associated with this asset.

    https://hotcopper.com.au/data/attachments/5309/5309421-41b42a31ec8263a647bb51eb1c75441e.jpg

 
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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
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
APX (ASX) Chart
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