Nov. 15 at 1:14 AM
$APGE: The last close at
$62.97 indicates a strong position, but the RSI of 76.61 suggests overbought conditions, which may lead to a pullback. The MA30 at
$53.89 and MA50 at
$47.56 show a bullish trend, supporting the current price level. However, the proximity to the 60D high of
$64.87 raises caution, as it could trigger profit-taking.
Directional bias is cautiously bullish, given the strong moving averages, but the high RSI indicates potential short-term weakness.
Suggested entry:
$61.50 to capture potential dips. Stop loss:
$58.80 to manage risk below recent support levels.
Targets: First target at
$64.00 (near 60D high) and second target at
$66.00 if momentum continues.
Monitor for any signs of reversal as price approaches the high.
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