Couldn't resist to do one. Will analyse APHA on the NASDAQ for volume purposes.
The Higher the Volume the more meaningful the price action is!
All values will be in US $
Daily Uptrend = Higher Low (HL) + Higher High (HH)
First chart to breakdown what's going on (read comments inside)
https://www.tradingview.com/x/cLzv3QN4/
Now the question on everyone mind is :
Yesterday profit taking and consolidation was a Higher Low?
Answer is need to zoom in Hourly TimeFrame
https://www.tradingview.com/x/R7G534X9/
Key Resistances
5.22 which is today High of the day
5.48 (Price build up heading in to Q4 2020 earnings)
5.84 (Price build up heading in to Q4 2020 earnings)
6.15 (top before negative reaction to Q4 2020)
Key Supports
4.88 from my Hourly Graph (Hourly HL compared to 4.31)
4.86 October 6th Low of the day
4.28 Daily HL compared to 4.17
Red lines = Supports
Green lines = Resistances
https://www.tradingview.com/x/2gMSFIza/
On the Weekly Time Frame, bears made a poor follow up to confirm the Weekly DownTrend,
so for me we're still in a Weekly Uptrend.
On the Monthly Time frame, 4.17 may be a HL compared to 1.95 Covid Lows.
The happy ending scenario would be to break 6.15 to confirm a Monthly Uptrend.
The last time we were in a Monthly + Weekly Uptrend was back in the good old times where clicking the buy button would allow you to retire overnight.
If there's one thing succesful stocks have in common it's a Monthly and Weekly Uptrend.
If you didn't understand anything about my post, all you have to know is that we
- Have a Good Chart Growing
- May have a Good Thing Growing after earnings that are on October 15th
Disclaimer, I'm not a financial advisor and I don't have a crystal ball.
Do your own Due Diligence, buy and sell the stock based on your decision and guts.
My next post will be my earnings prediction breakdown.