Appen Prediction (ASX:APX)
Mis à jour
Good morning all,
Here is my personal opinion on the future of the heavily publicised, machine learning company, Appen.
By looking at the trend line across a history of lows it shows that the position we are currently in is quite a major moment.
In my opinion 1 of the 2 options below will occur:
Option 1: Price bounces back, bottoming at around $11.15 before rising back up on another wave
Option 2: Price continues downfall, breaks trend line and retests supports at the $10 mark
Disclaimer: Please take all of my ideas with a grain of salt as these are mostly for me to look back and reflect so I can learn and grow as a trader :)
Wishing a good day to you all,
Kyle
Here is my personal opinion on the future of the heavily publicised, machine learning company, Appen.
By looking at the trend line across a history of lows it shows that the position we are currently in is quite a major moment.
In my opinion 1 of the 2 options below will occur:
Option 1: Price bounces back, bottoming at around $11.15 before rising back up on another wave
Option 2: Price continues downfall, breaks trend line and retests supports at the $10 mark
Disclaimer: Please take all of my ideas with a grain of salt as these are mostly for me to look back and reflect so I can learn and grow as a trader :)
Wishing a good day to you all,
Kyle
Note
Price has fallen to $11.07, breaking the trend line of lows. I remain hopeful on a long position as the company remains innovative and has recently expanded into flourishing US and Chinese markets.Note
Appen closed the day at $11.14. Bottoming at $10.95. Chart showed good resistance at the $11 mark leading me to believe another bullish wave will start this week.Note
Very impressive 6.54% increase today. Congratulations to any of you who took advantage of the lows and benefited from this trade!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.