APO.AX closes higher for the 3rd day in a row

Apn Outdoor Group (APO.AX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team


APO.AX finds buyers around 5.72 for the third day in a row
APO.AX unable to break through key resistance level
APO.AX closes higher for the 3rd day in a row
APO.AX closes within previous day's range
APO.AX ends the day indecisive


Moving higher for the 3rd day in a row, APO.AX ended Thursday at 5.75 gaining A$0.01 (0.17%). Closing within the prior day's range, prices failed to decisively move past the previous day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (APO.AX as at Jun 14, 2018):

Daily technical analysis candlestick chart for Apn Outdoor Group (APO.AX) as at Jun 14, 2018

Thursday's trading range was A$0.17 (2.96%), that's slightly above last trading month's daily average range of A$0.14. Things look different on a weekly scale, where volatility is way below the markets average with the monthly volatility being above average.

Unable to break through the key technical resistance level at 5.81, the market closed below it after spiking as high as 5.89 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward. The stock found buyers again today around 5.72 for the third trading day in a row after having found demand at 5.71 in the prior session and at 5.70 two days ago.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Selling could speed up should prices move below the nearby swing low at 5.66 where further sell stops might get activated.

Market Conditions for APO.AX as at Jun 14, 2018

Loading Market Conditions for APO.AX (Apn Outdoor Group)...
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APO.AX ends the day indecisive

Oct 19, 2018
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