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1.69%

58.0¢ 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 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