Since October, shares of APTOSE BIOSCIENCES INC - NASDAQ:APTO appear to be forming a rounding bottom and recently, have witnessed the recapture of its 200 DMA as well as a noticeable pick-up in volume as we can observe from the Daily chart above. In addition, APTO now finds itself trading above all of its important moving averages 20/50/200 DMA's, which is...
Cup and Handle Pattern Lets look for a break.
Technicals : 1. Trading 3.69 in premarket, up 16.04%, as of writing 2. Fitting tangent lines on the chart, which has all-time highs at 3.88, uncovers a cluster of resistance 3. MACD and price action are parabolic, with current red candle signaling a possible bearish reversal through its main horizontal supports (red-dotted lines) Fundamentals : Protein Targeting...
APTO is a highly speculative stock. YOU HAVE BEEN WARNED! This stock is kind of unusual. It has experience chronic price declines for a very long time. Over the past six months a remarkable change in the indicators has been achieved. OBV has surged and so has stoch RSI. The MACD has not. This is to be expected. The MACD is a lagging, but confirming indicator. Why?...
Should break out or break down. Break out due to fda news more likely.
Long here on the consecutive 2x average volume with bullish price action with a gap to fill to 2-2.20. Bullish RSI divergence. $APTO
APTO is in the middle of a correction. If the lower trendline holds i'm looking for a potential expanding triangle formation or an harmonic pattern. A strong breakdown on the lower trendline invalidates this setup.
Doji candle stick on the .382/.618 retracement suggests a reversal. Target 7.75