Entry: 11.77 Stop loss: 12.39 Went short on the counter after it broke out of its recent low with above average volume. Supported by the fact that the MAs are trending downwards orderly in the 3 different time frames.
ENTRY: 15.11 TP1: 16.95 TP2: 20.21 SL: 14.11 - ADX<25. Would like to be higher. - RSI>65 - RS +ve - FFI -ve but reducing - MACD daily +ve - Weekly chart looks good breakout if maintained above 14.94 - Breakout from resistance yesterday with good volume today - Retraced today with lower volume while maintaining above 14.94
ENTRY: 12.72 TP1: 13.91 SL: 12 - ADX>25 today (6 Nov 2020) - RSI>65 today. Near 70. (6 Nov 2020) - MAs are aligned - Good volume today on breakup - Take note of small gap (12.04-12.14)
APE share price is at 100EMA level which coincides with the previous support/resistance line. Looking for buying with a long term view for share price will go up from that level. Stochastic RSI indicator is deep in oversold area.
A.P. Eagers Limited is an automotive retail company that has been having a great run this year and looks like there is still more in it. Could be worth a watch. The Company's principal activities consist of the sale of new and used motor vehicles, distribution and sale of parts, accessories and car care products, repair and servicing of vehicles, provision of...