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ScotianBot
Jun 1, 2020 5:25 PM

Is APHA about to break out of a Bullish Flag? Long

Description

On a micro trading level APHA appears to have formed a bullish flag pattern, but the top resistance of the bullish flag is the same resistance of a more macro Ascending Triangle. Interesting.

The breakout to the upside will be modestly significant in terms of shaping the macro trend, IMO.
Comments
Barkworth
I'm not sure what we're looking at tbh. A move higher would make sense, but it looks ready for a slight pull back all the same. If you zoom in to the 15 minute chart, you can see a head and shoulders pattern in the making, but the right shoulder is only just starting, and instead could be a cup and handle. I don't want to see it below $4.30 again.
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