Apha tranding sidewaysOr in a range on the daily candlestick chart.
We have a "potential" bollinger band squeeze , a breakout higher, before earnings.
We also had a double top of $7.23 on July 17, at which time APHA has been trading in a range....
low - 6.80/6.81/ $6.82
high $7.10...7.12
I expect a Bullish breakout Today, or tomorrow, or Monday..
APHA could test $7.23 and go higher...before earnings on July 29.
With earnings expected to be minimally higher than last quarters $144 in revenue...
I expect a pullback or selloff Tuesday or late Monday
I will NOT be holding stock at close July 28th.
Way to risky...And keep in mind, even if earnings exceed estimates, you typically see a selloff. We witnessed this last quarter.
I urge everyone to learn basic candlestick charts, which will enable you to identify the trend, either bullish or bearish, and support and resistence...
In stock trading, or investing for the long haul, you never know for sure...That is why you must use the chart and technical analysis tools, like the moving average.