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APPEN LIMITED

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APX trade ideas

APX.AU Appen Prints a Smiley Face.Australia's APPEN is showing signs of a recovery story that's working for now. As the Chart shows, was bashed Down Heavily by the Market. Is also an AI Play. While it's still early days, and way below the EMA's and VWAP, could offer further Upside for those Risk On Investors. The IMACD & CCI Stochastic Momentum Indicators are showing Early Trend Reversal. Also the Trend Cloud Indicator I use has Just Shown the Trend Swap + Signal and a Green shaded Cloud. (This Indicator is not free. Message me and I will put you in contact with the author.) As always, please get a few outside Expert's Advice before taking Trade or Investment decisions. If you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away. Regards Graham.
ASX:APXLong
by hitchcoxg
7
Finer Market Points: ASX Top 10 Momentum Stocks: 11 Mar 2024TSX:TSK ASX:APX NASDAQ:CUE LSE:IMC BSE:VMS LSE:DCC $360 ASX:ZIP NYSE:BOC MIL:BRE Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is published weekly on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Task Group Holdings Limited (TSK) Appen Limited (APX) CUE Energy Resources Limited (CUE) Immuron Limited (IMC) Venture Minerals Limited (VMS) DigitalX Limited (DCC) Life360 Inc. (360) ZIP Co Limited. (ZIP) Bougainville Copper Limited (BOC) Brazilian Rare Earths Limited (BRE)
ASX:APX
by ch886
Is APX ready for a counter-trend rally ?I have dissected the price action behaviour into two boxes as shown as Box of Tricks 1 and Box of Tricks 2. Why ? When the previously posted PnF chart Price Target met, it alerted me to a potential end of the down move. No different than that of A2M chart! Now, If one studies the first box(Box of Tricks 1), break below the support and continuation of the down trend is on display. Same can also be said to 2nd box as of this writing. But, the climactic volume action behaviour, shown with the bar marked with at High @ $13.90 is a standout, forcing me to closely look at APX. Another price breakdown and a continuation lower is so far on hand at the 2nd Box of Tricks. This will remain true as long as a bullish price reversal absent. What I mean is that, at genuine breakdowns and breakouts, price may and does test those levels and validates the level as we have seen with the first box. What if we see a Bullish short term reversal(Pivot Point) in the next week or two ? What would the short seller is likely to do ? I have marked an anticipated bullish pivot point shown in the Blue box which is likely to occur and potentially test the high of the climax bar @ $13.90. Yes, lots of ifs and buts, but isn't what this game (TA) is about ? This observation and analysis is for educational purposes only.
ASX:APX
by thecharttechnician
1
Possible 30%/157% trade for Appen Limited / APXHello guys :). As you can see, APPEN dumped hard and hit crucial support after half year earnings results. If it holds the light purple support we could see a breakout to the first resistance line -10USD- (30% profit). But there is certainly more possible like the second resistance line -11.15USD (42% profit) or even the third at -19.70-USD (157% profit). For those higher targets we would need some more volume and good news for APPEN. Do your own research / Trade at your own risk NOT FINANCIAL ADVICE/RECOMMENDATION ( just my toughts about this stock) :)
ASX:APXLong
by zwoelfprozent
1
APX - Trade PlanAPX has been consolidating for a while but the price action is very telling. It plummeted hard since August 2020 after making a peak around $44.00 all the way down to $11.00 in May 2021, ( a Fibonacci retracement of 78.6% since its IPO). The recent price action indicates that the trend may have changed after it broke out of its downtrend line coupled with High Volume. Since its recent high of around $14.70, it pulled back to 78.6% and forming a potential double bottom which indicates that there is very good support. The global POC of its Volume Profile is at $12.40, which is also a good level of Strong Support. There is bullish divergence on the MACD which is a sign of exhaustion of Selling momentum. I am bullish APX and expect price to thrust higher. My target is $18.30 with a stoploss below the double bottoms at $10.80. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:APXLong
by AsimMirzaTrader
20
ASX: APX (Appen Ltd.): Breaking Out of Downtrend?APX has begun to give indications that it is breaking out of the long term downtrend (see the red trend-band borrowed from Mohammed_Seeker's post). Reasons to be cautious/remain bearish: 1. Stocks are in a seasonally bearish part of the year 2. APX looks like it has been rejected by the 50 day EMA and has been showing weak momentum 3. I do not see any major potentially bullish news events until the half-year results are announced in late August. Potential reasons to be bullish: 1. Yields (at least in US bonds) have been dipping significantly which is a positive for growth stocks like APX 2. A stronger dollar is a positive for Appen as most of its income comes in the form of USD from US tech companies. I will be eyeing setting up a long position if APX dips into the green accumulation zone I have shown before August.
ASX:APX
by preying_mantis
2
Catching the waveSometimes catching a wave is hard and other times it's about as easy as buying double A batteries from Woolworths. You pick when and where. Jokes aside, Appen is setting itself up to bounce off of the 8/1 gann ratio and longer term trend we've seen building over a 12+ month period. The weekly RSI is ticking oversold territory and could work in the favour of this trade. With an upcoming quarterly report it will be worth watching how it reacts. Best of luck out there!
ASX:APXLong
by Stealthybro
1