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Appen

Possible 30%/157% trade for Appen Limited / APXHello guys :). As you can see, APPEN dumped hard and hit crucial support after half year earnings results. If it holds the light purple support we could see a breakout to the first resistance line -10USD- (30% profit). But there is certainly more possible like the second resistance line -11.15USD (42% profit) or even the third at -19.70-USD (157% profit). For those higher targets we would need some more volume and good news for APPEN. Do your own research / Trade at your own risk NOT FINANCIAL ADVICE/RECOMMENDATION ( just my toughts about this stock) :)
ASX:APXLong
by zwoelfprozent
1
Catching the waveSometimes catching a wave is hard and other times it's about as easy as buying double A batteries from Woolworths. You pick when and where. Jokes aside, Appen is setting itself up to bounce off of the 8/1 gann ratio and longer term trend we've seen building over a 12+ month period. The weekly RSI is ticking oversold territory and could work in the favour of this trade. With an upcoming quarterly report it will be worth watching how it reacts. Best of luck out there!
ASX:APXLong
by Stealthybro
1
Appen Prediction (ASX:APX)Good morning all, Here is my personal opinion on the future of the heavily publicised, machine learning company, Appen. By looking at the trend line across a history of lows it shows that the position we are currently in is quite a major moment. In my opinion 1 of the 2 options below will occur: Option 1: Price bounces back, bottoming at around $11.15 before rising back up on another wave Option 2: Price continues downfall, breaks trend line and retests supports at the $10 mark Disclaimer: Please take all of my ideas with a grain of salt as these are mostly for me to look back and reflect so I can learn and grow as a trader :) Wishing a good day to you all, Kyle
ASX:APX
by kyle36
2