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Our last long on APN was at 11400c. The price ran up into 15511c and has since breached the incline support. Now below the 8-EMA, I’m expecting some continued short term pressure. My model says medium term and long term strength, so instead of suggesting a ‘sell/short’ I’d wait for a pullback into 12000c-12300c for a fresh accumulation. This is another ‘breakdown and back-test’ chat play. Short term money flow is declining while RSI is rolling over.
Our last long on APN was at 11400c. The price ran up into 15511c and has since breached the incline support. Now below the 8-EMA, I’m expecting some continued short term pressure. My model says medium term and long term strength, so instead of suggesting a ‘sell/short’ I’d wait for a pullback into 12000c-12300c for a fresh accumulation. This is another ‘breakdown and back-test’ chat play. Short term money flow is declining while RSI is rolling over.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.