APX was clearly overheated in a strong parabolic rise. That's not to say if I held APX I would have sold before today's fall. But APX was clearly over extended for a new buy prior to today's fall. Some professional trend traders sell partials when a stock is relatively over extended.
As with all stocks, a trailing stop loss is essential. There are different methods when applying a stop loss. None of them are perfect. Stops like everything else in trading is a compromise. Some current stop loss levels for APX:
Guppy count back line: $22.52.
3 x 14-day ATR: $22.05.
Stockradar (Melbourne) currently have a $21.15 trailing stop loss in place for their clients who own APX.
Trailing stop losses are essential for protecting the bulk of any open profit.
Ann: Successful Completion of A$285 Million Placement, page-25
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 (20min delay)
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Last
$2.61 |
Change
0.050(1.95%) |
Mkt cap ! $400.4M | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.72 | $2.58 | $14.63M | 5.531M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 35306 | $2.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.61 | 17793 | 16 |
View Market Depth
| Last trade - 14.59pm 19/11/2024 (20 minute delay) ? |
| APX (ASX) Chart |
