Updated
APHA Rising Wedge on Hourly Uptrend
Rising wedge pattern on the hourly chart. Daily indicators show possible underlying strength, but hourly volume is decreasing. Broader markets could see a bounce on Monday, and APHA is likely to participate, but chances are very small that it'll break this pattern bullish.
Trade with caution.
Trade with caution.
Note
As expected, a bearish confirmation of this rising wedge pattern. Now we are looking at a descending triangle on the daily charts, another bearish pattern, indicating that APHA may want to close the bull gap before reaching for new highs. It makes sense, to expect buyers to wait there, patiently. Seems like a great level to get in for a long position - $5.20ish.Note
Correction - $5.40ish
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🅱🄰🆁🅺🆆🄾🆁🆃🅷
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.