The battle continues! Tomorrow could be a big win!
The same battle of yesterday is still ongoing. We have the Pink Trendline and the 100 MA (yellow crosses) on the 30 min Chart playing tennis with our Share Price. We lost the battle early in the morning and our trendline was forced to retreat a little bit. The open again should tell the tale. The good news is the MA will be a little lower and our Trendline a little higher. The overall MJ market has been bullish so you have to expect the trend will soon take over and we will see a big day out of APH.
Potential play here is that you could buy at the bell for a quick scalp to 10.25- 10.30 a solid 35- 40 cent play cent play. If it loses be prepared to buy at the bottom as it should test 10.00 throughout the day.
I actually put in a late order of 9.90 to see if I could get in right on support however it only hit 9.91 and didnt fill.
We will find our next resistance at 10.25 which I dont feel will be as difficult as this one to break. 10.00 is a psychological number that the bears desperately want to hold. If this stock gets going you could see 10.50 or 11.00 as early as tomorrow. It all depends on the market. The overall volume the past few days have way below avg.
I am sitting all cash and will be watching this one at 9:30 am as it is ready to run.
Potential play here is that you could buy at the bell for a quick scalp to 10.25- 10.30 a solid 35- 40 cent play cent play. If it loses be prepared to buy at the bottom as it should test 10.00 throughout the day.
I actually put in a late order of 9.90 to see if I could get in right on support however it only hit 9.91 and didnt fill.
We will find our next resistance at 10.25 which I dont feel will be as difficult as this one to break. 10.00 is a psychological number that the bears desperately want to hold. If this stock gets going you could see 10.50 or 11.00 as early as tomorrow. It all depends on the market. The overall volume the past few days have way below avg.
I am sitting all cash and will be watching this one at 9:30 am as it is ready to run.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.