Channel breakout on APPF as technology shines during pandemic

19 thg 12, 2020

• Price action has been range-bound for months following initial pandemic crash and recovery.
  
• Finding support at top of channel as 168 resistance develops as support.
  
• Volume swell as new support holds indicates confidence in the move.
  

APPF looks to be ready for markup and price discovery. Invalidation below 165 indicates more range-bound movement.

22 thg 12, 2020

Giao dịch đang hoạt động

I was already in the trade when I posted this chart. Entries were between 140 and 155.

When price action made it down to the yellow line yesterday, I adjusted the stop down to 162.14. Rationale: 163 looked like a support zone on that daily, so wanted stop to be just under it.

I also added to my position at 167.

Excited to see markup after being rangebound since June.