APE: Bullish Divergence + Wedge Pattern
On the daily timeframe, APE is forming a descending wedge pattern with bullish divergence on the RSI. The RSI is also showing that it's oversold.
I expect a bounce up from the local support levels. If support fails, then $3 is the last line of defense before making any lower lows.
Strong resistance around $5.50
I expect a bounce up from the local support levels. If support fails, then $3 is the last line of defense before making any lower lows.
Strong resistance around $5.50
Note
Wedge breakout in progress.
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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.