APTO is a highly speculative stock. YOU HAVE BEEN WARNED! This stock is kind of unusual. It has experience chronic price declines for a very long time. Over the past six months a remarkable change in the indicators has been achieved. OBV has surged and so has stoch RSI. The MACD has not. This is to be expected. The MACD is a lagging, but confirming indicator. Why? It tracks momentum. price would have to drastically breakout and in a sustained fashion for the MACD to change direction.
Also, note the price formation. On the daily chart you can see a rectangle bottom that breaks the recent downtrend. Further on the right side of the chart you can see price begin to rise ever so slightly. This is a sign that price is beginning to respond to a tightening of supply and demand.
I have set the entry point slightly above the most recent high because I want to see this stock continue to demonstrate the ability to generate new highs. I set the stop at a level that I believe price would violate an uptrend line. I set my target as the highest high on the chart. However, it the stock goes beyond that high, I will stay with it.
Again, please exercise caution with stocks like this.
Weekly
all indicators pointing up. Price trying to breakout of down trend with a flat bottom base and stair stepping up.
Monthly
Notice the surge in the OBV and Stoch RSI and yet price and MACD are flat. This is unusual.
Also, note the price formation. On the daily chart you can see a rectangle bottom that breaks the recent downtrend. Further on the right side of the chart you can see price begin to rise ever so slightly. This is a sign that price is beginning to respond to a tightening of supply and demand.
I have set the entry point slightly above the most recent high because I want to see this stock continue to demonstrate the ability to generate new highs. I set the stop at a level that I believe price would violate an uptrend line. I set my target as the highest high on the chart. However, it the stock goes beyond that high, I will stay with it.
Again, please exercise caution with stocks like this.
Weekly
all indicators pointing up. Price trying to breakout of down trend with a flat bottom base and stair stepping up.
Monthly
Notice the surge in the OBV and Stoch RSI and yet price and MACD are flat. This is unusual.