Thursday, July 25, 2013

AP Strategic

AP Strategic: the lack of trading interest in this counter renders the chart less accurate. From a short term perspective, today's share price bounce and hooking up of the key RSI and MACD indicators suggests outlook is getting less negative. Nevertheless would prefer to wait for the RSI and Stochastics to rise back above the oversold levels, which would provide a better confirmation signal for positive reversal. Support at $0.084, initial resistance at the pyschological $0.10 level.

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