APOP:
Daily chart shows a possible price bottom and may rebound to MA 20 in next few days.
The price may drop a little from this point and then goes up.
If it goes a little weaker, it will run side-ways for a few days.
If it goes stronger when the Index such as NASDAQ becomes stronger, there will be no further side-way or drop, but only goes up.
Weekly chart shows APOP is still on the uptrend as it has not broken the bottom of the trend line at $15.40 yet.
My analysis is based on what I saw on these indicators:
CCI: it is on the oversold area.
MACD: Red already crossed above the Blue line a while ago, and now they are going to negative zone indicating the bottom is near or maybe already there.
MA 20 is above MA 10 and 5 which indicating it is currently a down trend; therefore, it could touch the MA 20 and bound back and continue the down tread.
Unless price breaks up above the MA 20 and stay there, I will not keep my position. I only will go long again if it breaks through the MA 20 successfully; otherwise, I will sell the position when price bounce back to around MA 20 area.
This is just my personal view on this stock, and it does not intend to provide any investment recommendations.
Daily chart shows a possible price bottom and may rebound to MA 20 in next few days.
The price may drop a little from this point and then goes up.
If it goes a little weaker, it will run side-ways for a few days.
If it goes stronger when the Index such as NASDAQ becomes stronger, there will be no further side-way or drop, but only goes up.
Weekly chart shows APOP is still on the uptrend as it has not broken the bottom of the trend line at $15.40 yet.
My analysis is based on what I saw on these indicators:
CCI: it is on the oversold area.
MACD: Red already crossed above the Blue line a while ago, and now they are going to negative zone indicating the bottom is near or maybe already there.
MA 20 is above MA 10 and 5 which indicating it is currently a down trend; therefore, it could touch the MA 20 and bound back and continue the down tread.
Unless price breaks up above the MA 20 and stay there, I will not keep my position. I only will go long again if it breaks through the MA 20 successfully; otherwise, I will sell the position when price bounce back to around MA 20 area.
This is just my personal view on this stock, and it does not intend to provide any investment recommendations.