After a long bearish move, we see a nice cup & handle formation. Of course to validate the move, we need to see an upward trend of the cup.
Be aware that there is a voting end of June for APXT! If merger is not approved, then it might be a bit disaster.
Though the cup & handle move will be confirmed way before end of June, if we don`t see harsh moves on NDX, I think next 10 days will be profitable.
Entry point 10.50s, I believe we will see 11.50s and may test 12 before merger.
Due to spac nature, we won`t see below 10 so Risk downwards is %5, upwards I see %10 - %15 before merger vote. If merger goes ahead, it might do a bigger jump.
Be aware that there is a voting end of June for APXT! If merger is not approved, then it might be a bit disaster.
Though the cup & handle move will be confirmed way before end of June, if we don`t see harsh moves on NDX, I think next 10 days will be profitable.
Entry point 10.50s, I believe we will see 11.50s and may test 12 before merger.
Due to spac nature, we won`t see below 10 so Risk downwards is %5, upwards I see %10 - %15 before merger vote. If merger goes ahead, it might do a bigger jump.
Trade active:
first target 11.50 came, roughly %10 in a week.