Stock: APL
Company: Apollo Global Capital Inc.
Support: 0.30
Resistance: 0.38 / 0.40


The stock broke out after two days of consolidation at the top, cementing a new all-time high. The trend, however, still seems very bullish, despite all indicators already sounding overbought alarms.

Both MACD signal lines and DMIs are showing increasing buying momentum. Meanwhile, RSI (91.6280) is already deep in the overbought region.

All things considered, it is likely that APL may sustain the uptick later today, although note that volatility is at an all-time high–and still climbing! This means that should profit-taking occur, the range would be deeper than average.

Recommendation

Trade profits.

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