Long idea on APN

16 May 2021

So if you missed the initial entry using the IHS pattern earlier in this trade, here is an opportunity to initiate a position from the breakout of this ascending triangle. The weekly EMA200 is directly overhead so one could wait for price to close firmly above the WEMA200 before taking a long. The 16600 level seems to be prior resistance looming overhead. Always apply proper risk management.