LTI trade ideas
Aptos Biosciences APTO - Testing critical supportThis level should provide substantial support for a possible bounce. The risk/reward here is favorable for a long. Stop loss is essential, as always.
APTO Technical Analysis 🧙Aptose Biosciences Inc is a biotechnology company. It develops targeted medicines and personalized therapies for the precision treatment of life-threatening cancers such as acute myeloid leukemia, myelodysplastic syndromes and other hematologic malignancies and also therapies for Oncology. The firm has CG-806, APTO-253 drugs in preclinical development stage pipeline.
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APTO Technical Analysis 🧙Aptose Biosciences Inc is a biotechnology company. It develops targeted medicines and personalized therapies for the precision treatment of life-threatening cancers such as acute myeloid leukemia, myelodysplastic syndromes and other hematologic malignancies and also therapies for Oncology. The firm has CG-806, APTO-253 drugs in preclinical development stage pipeline.
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APTO Technical Analysis. 🧙Aptose Biosciences Inc is a biotechnology company. It develops targeted medicines and personalized therapies for the precision treatment of life-threatening cancers such as acute myeloid leukemia, myelodysplastic syndromes and other hematologic malignancies and also therapies for Oncology. The firm has CG-806, APTO-253 drugs in preclinical development stage pipeline.
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APTO - LONGSL below recent lows. 4hr, daily, weekly, all align, actually bought it lower than here, but just getting around to posting this.
APTO RSI Indicator left the oversold zone on June 30, 2020This is a signal that APTO's price could be shifting from a downtrend to an uptrend. Traders may consider buying the stock or exploring call options. I looked back and found 29 similar cases where APTO's RSI Indicator left the oversold zone, and in 25 of them led to a successful outcome. Odds of Success: 86%.
No direction yetAPTO is a cool little company ive had shares of for a few years now.
Do some research on their drugs coming out, TONS of potential.
Not too much to say right now as indicatore running flat with no volume. Settleing in around the .5 fib line nicely. Could jump up or down at any point.
Long term hold for me, as the upside could be very big if the CG-806 continues to show progress
APTO Buy and Sell ZonesAPTO Buy and Sell zones on a trend reversal could be cup and handle obviously a double bottom.
If it holds this higher uptrend support and not the channel a breakout is still a buy above obviously
$APTO Aptose Bioscience Bullish indicatorsAptose Biosciences, Inc. is a clinical-stage oncology company, which engages in the discovery, research, and development of anti-cancer therapies. Its product pipeline includes APTO-253, a small molecule that induces expression of the Kruppel-Like Factor 4 genes; and CG-806 a non-covalent small molecule therapeutic agent. The company was founded on September 5, 1986 and is headquartered in Toronto, Canada.
APTOSE BIOSCIENCES INC - NASDAQ: $APTO Rounding BottomSince 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 suggestive of a healthy technical posture.
While further work is required, both investors/traders may want to continue to monitor the action closely and in particular, should APTO be capable of taking-out the $2.45 figure at any point in the days/weeks ahead, such development may just trigger its next advance into higher ground with and initial $3 - $3.50 objective.
Nonetheless, the recent action in APTO is encouraging and both investors/traders may want to put the name front-and-center on their radars for further clues/evidence that things may be about to pick-up n earnest.
#APTO #Stock #longAPTO 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? It tracks momentum. price would have to drastically breakout and in a sustained fashion for the MACD to change direction.
Also, note the price formation. On the daily chart you can see a rectangle bottom that breaks the recent downtrend. Further on the right side of the chart you can see price begin to rise ever so slightly. This is a sign that price is beginning to respond to a tightening of supply and demand.
I have set the entry point slightly above the most recent high because I want to see this stock continue to demonstrate the ability to generate new highs. I set the stop at a level that I believe price would violate an uptrend line. I set my target as the highest high on the chart. However, it the stock goes beyond that high, I will stay with it.
Again, please exercise caution with stocks like this.
Weekly
all indicators pointing up. Price trying to breakout of down trend with a flat bottom base and stair stepping up.
Monthly
Notice the surge in the OBV and Stoch RSI and yet price and MACD are flat. This is unusual.
BreakoutBased on the resistance line and the ascending triangle, I believe that if the stock rises above $2.40 with good volume I could see it going for $2.60 or higher.
APTO LongLong 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 POTENTIAL EXPANDING TRIANGLE OR HARMONIC PATTERNAPTO 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.
