Beginning of the Bullish run July 9th
according to the daily candlestick pattern
$5.66
we now have a Huge gap down, which will likely not be filled for many weeks---unless there is bullish news, such as a merger.
APHA is trading near the low of the day. Expect another lower high share price and lower low share price tommorrow.
Low for day is $6.61. I fully expect APHA to decline until we see a trend change, which requires a higher high and higher low on the hourly candlestick chart.
Near term, the 20 day moving average is $6.52, and the another drop to the 50 day Moving average at $6.15, which would be a good time to scale in...
Keep in mind that the RSI is nearing oversold on the hourly time frame.
We might see a bounce tomorrow---spike in price on a downtrend...
Bears are in full control..
Buy and hold long term??? Nor yet, unless you want to scale in...
I am looking to begin scaling in at the 20 day moving average-----
$6.52..
Learn how to use candlestick charts and understand the technical indictors, especially the Moving Average.
Otherwise you are guessing!!! And your opinions mean horse shite, like some guy posting that APHA was going to $12.00 today.
As I said, you might see a bounce tomorrow, but this stock is dropping under $6 ...
Just look at the high and low price on the monthly time frame-----a shooting star, which typically indicates the uptrend has ended...
Expect APHA to bottom and then trade in a range..