This may not be a valid cup and handle as it supposed to be preceded by an uptrend.
However, some other nice fundamentals;
- sequential quarterly revenue growth
- sequential quarterly EPS growth
- insider buying - 3 different insiders in September 2018
- great ticker
This is not financial advice, trade according to your own risk.
Resistance has been broken at 2$
2$ is new support, hope to not see a dip below or will have to form new resistance at the bottom white.
Trending higher off support line
Please share your thoughts with me
Any price points to consider?
Well I've been watching this pattern for quite some time now wasn't sure if it was going to actually form but it looks to have done so so ill post up some possible targets and the pattern I've been anticipating which would be a cup and handle. Will probably take a little while to complete as the pattern itself took awhile to form but here are the zones.
APPS TRADE IDEA - OVERSOLD GK PLAY
APPS is coming out of RSI oversold territory with the macd trying to
decided on a bullish signal; price action closed above the convergence
of the 7ma and the 200ma, which is offering strong price support. Look
for volume to possibly move price action towards the 20ma at 1.84.
Chart shows my forecast for Mon and Tues. Wave losing momentem but things positive media may sway.
Stock info courtesy of nasdaqjournal.com
The stock showed weekly performance of 9.16%, which was maintained for the month at -3.71%. Likewise, the performance for the quarter was recorded as 17.91% and for the year was 142.31%. Analysts’ mean recommendation for the...
on the daily APPS looks good. it is on a nice trend line higher. macd and stoch rsi pointing up. OBV is going up. this is a stock to consider buying or playing options. If you do play options i would look at the June 15 2018 Call strike $2.5 at a price around $.40.
all the indicators are supportive and the OBV is surging. overall price is forming a nice...