APH triple bottom of support to watch
APH once again held key support, making 15.76 a very important range to watch in the coming days and weeks. Bullish reversal candle on the daily, and a daily inside bar, bulls want first thing tomorrow to break the high of the day 17.26. There's a support at 16.68 but price hasn't bounced enough from that level to convince us that's the new hourly higher low.
Anything under 18.69 is a daily lower high and we would anticipate a daily higher low once this bounce tops out. This bounce doesn't change the fact we're in a daily downtrend here, this is nothing more than an hourly oversold bounce at this point.
I do see some potential hidden bullish RSI divergence but it's not as convincing as CGC/WEED divergence so we will have to keep an eye on this potential clue.
The range to watch on the daily is is is 15.76 - 18.69, with a close watch on 17.26 first thing tomorrow morning to ensure the bulls can see continuation.
By the way, I do analysis on the entire sector across all the mj charts I publish. If you're not looking at all the names I talk about, you're not getting the full sector-wide analysis. Follow me to get updates when I publish ideas and pay attention to the mj names you typically don't look at too, so you can stay in the know and get the full picture.
Anything under 18.69 is a daily lower high and we would anticipate a daily higher low once this bounce tops out. This bounce doesn't change the fact we're in a daily downtrend here, this is nothing more than an hourly oversold bounce at this point.
I do see some potential hidden bullish RSI divergence but it's not as convincing as CGC/WEED divergence so we will have to keep an eye on this potential clue.
The range to watch on the daily is is is 15.76 - 18.69, with a close watch on 17.26 first thing tomorrow morning to ensure the bulls can see continuation.
By the way, I do analysis on the entire sector across all the mj charts I publish. If you're not looking at all the names I talk about, you're not getting the full sector-wide analysis. Follow me to get updates when I publish ideas and pay attention to the mj names you typically don't look at too, so you can stay in the know and get the full picture.
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