Downtrend on the monthly and weekly time frames Last 8 weeks, APHA has plummetted,
$40
ane to $16.5.. last week
You never buy stocks in a downtrend, or you will likely end up a bagholder.
Based on my experience buying and selling APH, looking at the candlestick charts, fundamentals, and technicals,
APHA's share price will continue to fall.
So I don't recommend buying at this time.
Wait until the stock trades sideways for several days.
Where is the bottom?
Reading a chart, understanding technical analysis, and the importance of fundamentals on determing the share price play a significant role.
APHA is a falling knife---as indicated by the 60% plus drop in share price during the past 8 weeks.
Rather mind-boggling.
Tune out all the noise of the self-proclaimed pundits. If they don't understand how to read a chart, don't understand a few technical indicators, don't understand a few financials, they don't know anything about stock analysis and making a purchase, and nor do they know anything about stock trading.
Essentially, these self-proclaimed pundits are irrational thinkers who guess and engage in wishful thinking when buying stocks.
And most of them are bagholders, so be careful believing anything they post.
Expect another lower low and lower high share price by the end of week..
Last week, the high was $20.38
and low $16.5... or whatever.
Major support at $15.38.
I highly recommend you learn the essentials of candlestick charts, the essentials of fundamental analysis like P/E, EPS, and a few technical indicators, especially the Moving Average.
Easy to learn.
You can to yourself in a week.
Everything is on Youtube for free.
Or you can buy a few textbooks which will teach you the same.
Become knowledgeable! Become empowered. Tune out the noise of the wishful thinkers,,
Major support ---$15.39...,,