AAPH: Can it Really Move like the Famous OTC Oil Gainer MMEX?
With any of the positions we are doing technical analysis on via Sunny Money Family, I’m sure you know we will begin by looking at price channels. We will then start to dive into other indicators that are important to what we believe is the long-term swing potential behind a stock movement. We will then finish off with a short summary of our take on whether or not AAPH could realistically make an MMEX type move.
The Last 52 Weeks of Price Channel Development:
This is the main area I wish to take a look at:
AAPH is very different from ATPT or BYOC where they suddenly had an uptrend or even steadily up-trended. AAPH seems to be in a churning stage with pops here and there for sometime now. The blue marked zone above is mainly what I’m interested in, price channel wise. It is an adequate amount of time to not only churn out dead weight stockholders but also get a firm understanding of shares in our way. The key points will be if the chart is ready and building a platform to make a move past .0023 and if the company is going to follow through. So let’s see…
.0001 – .0009 Price Channel within the blue marked zone above: 107.4 Million
.001 – .002 Price Channel within the blue marked zone below : 60.7 Million
Summary On Price Channels:
Essentially, what we had today (Nov 17, 2017) on AAPH was a breakout day within another price channel –from our perspective this is a positive. We didn’t breakout of the price channel or break under the price channel. It was perfect and allowed a lot of shares to be exchanged within the new channel. Now is it as many shares as the first channel already? No. We are already however very close. I think another 30-40mil in this .001-.002 Range (Say Monday) could lead to a breakout above .0023 – .003.
1 Month 30 Minute :
Overall, what we are seeing here is a strong shift in accumulation. Large groups of traders are buying and holding onto the majority of their shares. This is a good sign for the future of this stock –as of right now (November 17, 2017). What we will want to see is this accumulation continue to stay steady and rise once it gets past the .002 channel.
We love what we’re seeing here. The ADX is beginning to climb signaling a change of trend. We are also witnessing the sharp spike upwards of DI+ and downwards spike of DI-, all very strong signs of a trend reversal.
Now Let’s Talk MMEX:
I will be taking this from a very broad perspective by mainly comparing share structures and possible momentum that could cause this type of move in AAPH. I will also include what I think AAPH needs to do in order to have a spike of similar quality.
Just by looking at this, AAPH definitely has the capabilities –share structure wise —for their share price to increase significantly if the right momentum is there. MMEX is currently trading over .01 and has almost double the free trading OS.
What AAPH Needs to Do for Success:
- Maintain zero dilution –with any long-term trend this is important.
- Put in Filings –one of the key differences is MMEX trades on OTCQB while AAPH is currently stop signed. Getting at least pink current is crucial in this process.
- Have a momentum driving release of some sort by AAPH –this may be very possible soon as seen from the email below found via twitter:
- With all of this and the share structure the way it currently is, a large move past .01+ is very possible. The key is that the company follows all mentioned above.
All in all, AAPH has all the makings of a possible big runner if follow-up from the company happens. Everything from a technical standpoint is setting up for a large move which is why I decided to purchase shares. With all stocks however, always remember technicals aren’t foolproof, they are simply a way to put the probabilities in your favor. In the end the Sunny Money Family believes the probability of a successful move with AAPH is high. We will be purchasing more shares based off what we see currently (Nov 17, 2017).
Technical Analysis by Alex S; Owner/Founder
You can follow him on Twitter @SUNNYLAND24
Compiled/Proofread by Noëlle H; CTO/Site Administrator
You can follow her on Twitter @subliMINXal
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