APHA - I'm really on the fence...
My earlier publication showed a possible correction yet to finished with a 5 wave move down, to look for a weekly higher low. The charts really don't provide any clarity at all, atm. In fact, I'm starting to consider if perhaps we're looking at an impulse wave up.
Falling below $3.97 would rule out this possibility.
I am anticipating a decent pullback of the Dow Jones, SPY, QQQ. So I am very careful right now. I'm not getting in until I'm sure we're breaking through the yellow zone. If we do, we're looking at an Intermediate wave 3, which is the most epic of all. Breaking lower would confirm that we're completing an intermediate wave 5 down.
Right now, I really don't know. It really can go either way. But if you zoom out to the daily charts, this nice run we've had since this year's low, mostly looks like an ABC for a wave 4, and that is perhaps the biggest hint we have right now.
Levels on watch, I bet she's going to keep us in suspense for some time to come, still. Earnings due in August/September. That would be a catalyst. I've also picked up on rumours about ACB and APHA investigating a possible merger between the two companies. That is nothing to buy on though...
Falling below $3.97 would rule out this possibility.
I am anticipating a decent pullback of the Dow Jones, SPY, QQQ. So I am very careful right now. I'm not getting in until I'm sure we're breaking through the yellow zone. If we do, we're looking at an Intermediate wave 3, which is the most epic of all. Breaking lower would confirm that we're completing an intermediate wave 5 down.
Right now, I really don't know. It really can go either way. But if you zoom out to the daily charts, this nice run we've had since this year's low, mostly looks like an ABC for a wave 4, and that is perhaps the biggest hint we have right now.
Levels on watch, I bet she's going to keep us in suspense for some time to come, still. Earnings due in August/September. That would be a catalyst. I've also picked up on rumours about ACB and APHA investigating a possible merger between the two companies. That is nothing to buy on though...
🅱🄰🆁🅺🆆🄾🆁🆃🅷
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.