LSE:APGN is a fairly new stock, which floated on the London Stock Exchange in June 2015 at a price of £2.96 and has risen consistently ever since to the current price of around £5.72 (at the time of writing this post).
The Weekly 50 simple moving average played a part in supporting price as it continued to rise.
There was a nice trend from April 2017 to September 2017 which then saw price go into consolidation then break out a couple of weeks ago.
Now that price is out of consolidation and staying out, we should see a continuation of the previous trend.
Because the stock is only 3 years old, we do not have a lot of data to determine the stock's behaviour but going with the current behaviour
we have no reason to believe that the stock will not continue higher.
Wait for a breakout on the daily timeframe for opportunities to enter into a trade and all trades should be managed according to your trading plan.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
The Weekly 50 simple moving average played a part in supporting price as it continued to rise.
There was a nice trend from April 2017 to September 2017 which then saw price go into consolidation then break out a couple of weeks ago.
Now that price is out of consolidation and staying out, we should see a continuation of the previous trend.
Because the stock is only 3 years old, we do not have a lot of data to determine the stock's behaviour but going with the current behaviour
we have no reason to believe that the stock will not continue higher.
Wait for a breakout on the daily timeframe for opportunities to enter into a trade and all trades should be managed according to your trading plan.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading