Blue Apron possible Cup and Handle
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.
I think Blue Apron (APRN) could be forming a possible Cup and Handle. The 10 Day Exponential Moving Average (EMA) and 20 Day EMA seem to be holding up as support every few days. I have entered a Bullish position already by purchasing Stock. Hopefully, I'm right. :) There are a couple lines that could serve as Resistance. The blue dotted horizontal line I have drawn is based off an area of Resistance from February 08-16, 2018. The solid green line is drawn off a high wick on February 13, 2018.
Let me know what you think, and if you have any questions.
I think Blue Apron (APRN) could be forming a possible Cup and Handle. The 10 Day Exponential Moving Average (EMA) and 20 Day EMA seem to be holding up as support every few days. I have entered a Bullish position already by purchasing Stock. Hopefully, I'm right. :) There are a couple lines that could serve as Resistance. The blue dotted horizontal line I have drawn is based off an area of Resistance from February 08-16, 2018. The solid green line is drawn off a high wick on February 13, 2018.
Let me know what you think, and if you have any questions.
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