AVPT - very interesting company. Earnings came out - Guidance is not changed for the year while Q2 earnings (revenue / subscription) were a record high - better than expected. Despite that it went down. Company has 250mio cash on hand so part of valuation is already absorbed from there. Solid outlook. Short term, also after how it behaved after earnings, I expect...
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...
Narrowing formation coming to an end. As SPAC, before merger i don`t think it can go down below 10$ as SPAC how SPAC works. and I don`t assume it will go down. We have tested the thick blue line enough times and bearish move has its toll. Good preliminary earnings have been announced and 2021 guidance has been increased. I know SEC does an extremely slow job...
Not financial advice. Has been trading in a wide channel, merger soon. No current 2nd pattern observed, maybe a double bottom from 5day chart? Currently at bottom of channel and at EMA200 support.
Apex Technology Acquisition Corporation is a SPAC that merged with Microsoft 365 AvePoint provider worth $2B. AvePoint 2020: Revenue of $151M +29% Y/Y $70M cash No debt Technical: MACD (12.26) - 1.39 Bounce on MA 50 Average RSI levels - 48.85
Decide the target yourself after looking at the chart.
SPAC merger set to be End of Q1 to Start of Q2 (March-April). $14.50 - $14.25 is a great buy zone. Profit taking @ $17 17% Upside.
Nailed this one last time! Looks to be following the same pattern, I bought more today 🚀
AvePoint is "the largest data management solutions provider for the Microsoft cloud." Reached the bottom line of the uptrend channel. Might test again all-time high @17$ Stop @14$
Looking like an easy trade here. Building higher levels of resistance, and at a good point in the channel. Already own some, picking up more for sure. Also a part of the ARK investment portfolio.