It’s technicals and charts and investor sentiment That will determine APHA's share price---price action--between now and next earnings...
We had a run up and huge sell up yesterday, and at the end of last week.
Yesterday, if you look at the candle stick chart, there was a bearish engulfing candlestick on the hourly time frame, which indicates a downtrend reversal.
Expect a lower high share price than yesterday's high of $.98 or whatever, and lower low share price conpared to yesterday's low of $7.04 or whatever.
If my prediction is right---and it is based on several years of trading and education, today's lower high price and lower low price will confirm a downtrend..
The moving average ( the average price of a share) always acts as support---over time, the share price pulls back to the moving average.
We have a major support at the 5 day moving average-$5.92
We have another major support at the 20 day moving average ---$6.50
And we have another major support below at the day moving average---$6.25
The year to date/ 200 day moving average is $5.79
And so, using a chart and volume ( bullish or bearish) one can predict where APHA's share price will likely pullback..
No rush to buy in.
The ideal entry point is $5.75 to $6.25...
Be patient. Do not allow emotions to make your decision to enter or buy---Buying stocks when you are embraced with FOMO--will result in becoming a bagholder...
And learn the basics---
identifying a downtrend, uptrend, range on the daily, weekly, monthly chart--ideally a candlestick chart
learn the moving average
learn about volume.
The trend is your friend. Going to buy and hold, or add to your position
you don't buy shares in a downtrend, unless you are shorting the stock---because APHA's share price is likely to fall lower.
in