APX

4.82%

$2.08 appen limited

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Veritas2000

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12/10/21

13:20

Post #: 56737930
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Originally posted by Ehsanzo: ↑

APX closed up 2.17 percent on Friday, October 8, 2021, on 55 percent of normal volume.
The MACD showing Bullish Signal Line Cross (The MACD Line has turned up and crossed above the MACD Signal Line.) strong at rose in price three days in a row

I have dissected the price action behaviour into two boxes as shown as Box of Tricks 1 and Box of Tricks 2. Why ?
When the previously posted PnF chart Price Target met, it alerted me to a potential end of the down move. No different than that of A2M chart!

Now, If one studies the first box(Box of Tricks 1), break below the support and continuation of the down trend is on display. Same can also be said to 2nd box as of this writing. But, the climactic volume action behaviour, shown with the bar marked with at High @ $13.90 is a standout, forcing me to closely look at APX .

Another price breakdown and a continuation lower is so far on hand at the 2nd Box of Tricks. This will remain true as long as a bullish price reversal absent. What I mean is that, at genuine breakdowns and breakouts, price may and does test those levels and validates the level as we have seen with the first box.

I'm bullish on Appen
I have marked an anticipated bullish pivot point shown in the Blue box which is likely to occur and potentially test the high of the climax bar @ $13.90.

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Thanks for the post

I thought I would share an updated chart.....

APX Price at posting: $8.55 Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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(20min delay)
Last $2.08		Change -0.105(4.82%)		Mkt cap ! $525.6M

Open	High	Low	Value	Volume
$2.23	$2.25	$2.07	$14.92M	7.000M

Buyers (Bids)

No.	Vol.	Price($)
16	189247	$2.07

Sellers (Offers)

Price($)	Vol.	No.
$2.08	40093	12

View Market Depth

No.	Vol.	Price($)
17	194257	2.070
17	124621	2.060
28	321134	2.050
16	150565	2.040
14	75024	2.030

Price($)	Vol.	No.
2.080	38800	10
2.090	69797	12
2.100	62243	11
2.110	64199	9
2.120	65982	8

Last trade - 13.41pm 17/10/2024 (20 minute delay)

APX (ASX) Chart

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