On the daily timeframe, APE is forming a descending wedge pattern with bullish divergence on the RSI. The RSI is also showing that it's oversold.
I expect a bounce up from the local support levels. If support fails, then $3 is the last line of defense before making any lower lows.
Strong resistance around $5.50
I expect a bounce up from the local support levels. If support fails, then $3 is the last line of defense before making any lower lows.
Strong resistance around $5.50
Yorum:
Wedge breakout in progress.