APERAM shows interesting features, like a short term bullish trend a pull back to the MA Ribbon support and a bullish day candle today: a buy opportunity once range breakout is confirmed.
Lower lows, lower highs. Don't fight the trend.
It had a nice run this month, but now it's oversold, might need to cool off.
Rising wedge and strong resistance.
Shorting Amsterdam listed Aperam (APAM) is the 4th trade in the challenge. Unusual volume was the first reason this stock caught my eye. Before its most recent pullback, the stock's volume increased heavily (indicating possible insider selling). Coupled with a short on the B52 Strategy and the AlphaR strategy, this stock looks to continue test support levels. Will...
The revenue of Aperam in Q3 showed us lower ebitda/revenue than analysts expected. Still they managed to reduce debt and the outlook for Q4 is positive. Today a gap of -8% and it already filled the gap all the way up the opening. For now I anticipate on more upside.
Aperam will climb within a few days/weeks. There were oversold conditions and at this very moment we are in a too negative momentum. The smart money flow shows us that hedgefunds believe in a rebound to at least 45 euros. The double bottom is set, so let the bulls run! The elliot wave indicates that a leg up is coming soon.
