APHA Weekly Analysis

APHA formed a large high 2 higher low two weeks ago which failed to trigger. Instead the bears formed a low 1 bear flag. However this is near the bottom of a large bull flag trading range, and a risky place to sell (large risk, low probability). Although the bears formed a gap around 11.25, and 9.25, they will more than likely be filled since prices are in a trading range. The bears are nearing a leg 1 = leg 2 measured move target where they will likely buy to take profits and bulls will look to buy again for a swing up. The bulls will likely try to form a double bottom or better large high 2 bull flag around the 5 swing low. The bears need a strong breakout below, which would increase the likelihood of a test of the 1.00 tight trading range open.

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