I came across APE recently through my broker’s data scanner.
The fundamentals look solid. APE’s got serious potential, especially since it’s leading the EV game with exclusive rights to BYD and partnerships with Polestar and Cupra. Add to that a 7% dividend yield and a $1 billion revenue growth target for FY24 - it’s shaping up to be a strong long-term play.Looks like professional investors are starting to notice the value here.
That said, investment banks are still the top sellers at the moment:
What really caught my eye, though, is this: the chart shows four retail brokers steadily buying up shares. It’s interesting because the accumulation curve is starting to turn downward now, which might mean the pros are starting to step in too. Saw this pattern many times. Definitely a good sign. Hopefully, we can get through $12 resistance level soon.
APE Price at posting:
$11.91 Sentiment: Buy Disclosure: Held
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