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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
APX Target $15, 2000% return in 3 years2018.06.18 TA Report Aussie Market Buy/Sell ratio = 0.44 Buys: 269 (13.1%) Sells: 613 (29.7%) Hold: 1179 (57.2%) Let's see some history relative timing values by VectorVest on this stock: 18-Jun = 1.70 15-Jun = 1.76 14-Jun = 1.73 13-Jun = 1.70 12-Jun = 1.65 APX.AX has a current Value of $3.58 per share, which is overvalued compared to its Price of $12.78 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. RT analyzes a stock's price trend. APX.AX has a Relative Timing of 1.70, which is excellent on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00. CI is an indicator which reflects a stock's ability to resist severe and/or lengthy price declines. APX.AX has a CI of 1.93, which is excellent on a scale of 0.00 to 2.00. CI is based solely upon a stock's long-term price history. As RT keeps rising in the last few days but it U-turn from 1.76 to 1.70 sharply. This is an alert. Let’s have a look on the technical analysis: Triangle Breakout After the recent triangle breakout, APX soared 20% in a week. The current price is sitting on Fib channel 78.6%. We see a potential bearish harami. We will confirm if there is a bearish candlestick after today’s market. Ichimoku Analysis The chikou span shows a bit of turning signal. We may consider a technical adjustment back to Fib Ret 38.2% ($11.28) which is also close to Kijun-sen’s value $11.265. In a longer run, APX’s target is about $15 - $16.
ASX:APX
by SoloTraderAU
4
APPEN is ready to soarToday's Aussie Market Buy/Sell ratio = 0.24 Buys: 141 Sells: 594 Hold: 1298 Let's see some history relative timing (RT) values by VectorVest on this stock: 17-Apr = 1.26 16-Apr = 1.13 13-Apr = 1.04 12-Apr = 0.99 11-Apr = 0.96 APX.AX has a current Value of $3.46 per share, which is OVERVALUED compared to its Price of $9.27 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. RT analyzes a stock's price trend. APX.AX has a Relative Timing of 1.13, which is good on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00. As RT keeps rising in the last few days, it is a good sign. When you have a midas touch graph ready, you will see that the MA RT (40) is declining. That means it is not good to hold for a longer term. Let’s have a look on the technical analysis: A "Continuation Wedge (Bullish)" chart pattern formed on Appen Ltd. After a temporary interruption, the prior uptrend is set to continue. A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend. Not only we have the falling wedge chart pattern breakout today, we also find MACD crossover UP and the 8 & 20 EMA most likely crossover too, which are the good sign for LONG position. The target can be measure by copying the price range between point 1 and point1’ to point 4’. Therefore $10.91 will be the short term goal. Support & Resistance: Ichimoku tells us that there is a minor resistance at where the top of green cloud. i.e. $9.82 and a major support at $9.45. Please also be aware that the tip of the chinkou-span also be a resistance. i.e. $10.6.
ASX:APXLong
by SoloTraderAU