RE:RE:Chart AnalysisIt's refreshing to read a post by someone who knows what they are talking about...
Apha is trading in a range
I have one correction...
We know have a lower high compared to the last swing high $5.44
The new lower high was set yesterday---$5.28
So, we have a resistence at
-$5.28
and another at $5.44
We dropped to a support of $4.78 today
stock closed at the bottom
This often means the stock will drop lower on Monday..
Swing traders and day traders are playing this
swing high---$5.28
and swing low---last low in the range was $4.58/ $4.57
A possible bullish reversal at this price level...
Everyone should understand support and resistance....
APHA is trading in a range since earnings.
Swing high (top out)
Swing low (bottom/ reversal)
Watch the candlestick charts