Barkworth

APHA Descending Triangle

NYSE:APHA   None
As expected, a bearish confirmation of the rising wedge pattern I posted last week. Now we are looking at a descending triangle on the daily charts, another bearish pattern, indicating that APHA may want to close the bull gap before reaching for new highs. It makes sense, to expect buyers to wait there, patiently. Seems like a great level to get in for a long position - $5.40ish.

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