APHA long trade
Updated
Watching APHA develop a bullish structure off of a historic support. Outside bar on 12/31/19 followed be retest of 4.50 region was supported with buys.
Addtional bullish signs include a bullish RSI divergence on daily, potential inverse H&S formation on daily (incomplete), and upward break of downward trendline. Targets in green dotted line with red dotted stop loss and solid red the bottom of range.
Addtional bullish signs include a bullish RSI divergence on daily, potential inverse H&S formation on daily (incomplete), and upward break of downward trendline. Targets in green dotted line with red dotted stop loss and solid red the bottom of range.
Comment
So this is interesting... we now have a pretty down day overall in the stock market with an outside bearish bar that took us back below the neckline. Will be interesting to see how this does if/when the market goes back sideways or continues up.Disclaimer
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