APWC trade ideas
Inside BarAPWC tested the .618 fibonacci level and closed above it while making an "inside bar pattern" IMO this should break out today. Looking for a break of $7.83 for confirmation. This could dip to $7.08 level before moving higher
$APWC can rise in the next daysContextual immersion trading strategy idea.
Asia Pacific Wire & Cable Corporation Limited, through its subsidiaries, manufactures and distributes telecommunications, power cable, and enameled and electronic wire products in Singapore, Thailand, Australia, the People's Republic of China, and other markets in the Asia Pacific region.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $2,15;
stop-loss — $1,67.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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APWC: Potential Breakout? Look at the latest MPRight now looking at APWC, the market cap is quite low and the moon phase seems to be much higher compared to the past correlation linearly, indicating some sort of upcoming positive wedge. I feel like the charting is obvious, now the sentiment just needs to be positive as a result. That being said, everything I say is on an opinion based basis. Please invest at your own risk and do your own due diligence. This isn't meant to be taken as actionable financial advice.
APWC-LONG(ICHRSI)first target a 1.5 ratio with 70% of capital
segunto target a ratio of 2.5 with the remaining 30%
