Long
APXT - Cup & Handle - Get on the train
After a long bearish move, we see a nice cup & handle formation. Of course to validate the move, we need to see an upward trend of the cup.
Be aware that there is a voting end of June for APXT! If merger is not approved, then it might be a bit disaster.
Though the cup & handle move will be confirmed way before end of June, if we don`t see harsh moves on NDX, I think next 10 days will be profitable.
Entry point 10.50s, I believe we will see 11.50s and may test 12 before merger.
Due to spac nature, we won`t see below 10 so Risk downwards is %5, upwards I see %10 - %15 before merger vote. If merger goes ahead, it might do a bigger jump.
Be aware that there is a voting end of June for APXT! If merger is not approved, then it might be a bit disaster.
Though the cup & handle move will be confirmed way before end of June, if we don`t see harsh moves on NDX, I think next 10 days will be profitable.
Entry point 10.50s, I believe we will see 11.50s and may test 12 before merger.
Due to spac nature, we won`t see below 10 so Risk downwards is %5, upwards I see %10 - %15 before merger vote. If merger goes ahead, it might do a bigger jump.
Trade active
first target 11.50 came, roughly %10 in a week.
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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.