McGuireTO

APH triple bottom of support to watch

TSX:APH   None
APH once again held key support, making 15.76 a very important range to watch in the coming days and weeks. Bullish reversal candle on the daily, and a daily inside bar , bulls want first thing tomorrow to break the high of the day 17.26. There's a support at 16.68 but price hasn't bounced enough from that level to convince us that's the new hourly higher low.

Anything under 18.69 is a daily lower high and we would anticipate a daily higher low once this bounce tops out. This bounce doesn't change the fact we're in a daily downtrend here, this is nothing more than an hourly oversold bounce at this point.

I do see some potential hidden bullish RSI divergence but it's not as convincing as CGC/WEED divergence so we will have to keep an eye on this potential clue.

The range to watch on the daily is is is 15.76 - 18.69, with a close watch on 17.26 first thing tomorrow morning to ensure the bulls can see continuation.

By the way, I do analysis on the entire sector across all the mj charts I publish. If you're not looking at all the names I talk about, you're not getting the full sector-wide analysis. Follow me to get updates when I publish ideas and pay attention to the mj names you typically don't look at too, so you can stay in the know and get the full picture.
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