Australia's largest stock trading and investment forum Australia's #1 stock forum

APX

Click for more information

0.83%

60.0¢ appen limited

Interesting week aheadThe markets are expected to see some green...

First 132 Last

Share
Profile

Follow
wegian

2,285 Posts.

343

05/06/23

05:13

Post #: 68125452
Share

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

Reply

There are more pages in this discussion • 57 more messages in this thread...

First 132 Last

Add APX (ASX) to my watchlist

(20min delay)
Last 60.0¢		Change -0.005(0.83%)		Mkt cap ! $133.4M

Open	High	Low	Value	Volume
61.0¢	61.0¢	59.8¢	$173.9K	288.1K

Buyers (Bids)

No.	Vol.	Price($)
9	124208	60.0¢

Sellers (Offers)

Price($)	Vol.	No.
60.5¢	76306	12

View Market Depth

No.	Vol.	Price($)
10	140456	0.600
13	116867	0.595
19	232233	0.590
8	130470	0.585
25	572527	0.580

Price($)	Vol.	No.
0.605	76706	12
0.610	185658	9
0.615	65342	8
0.620	110454	11
0.625	79311	5

Last trade - 12.22pm 28/05/2024 (20 minute delay)


Last 59.5¢			Change -0.005 ( 1.65 %)
Open	High		Low	Volume
61.0¢	61.0¢		59.5¢	127468
Last updated 12.38pm 28/05/2024 ?

APX (ASX) Chart