API – Australian Pharmaceutical Industries Limited

Stock : API – Australian Pharmaceutical Industries Limited

Current Price : 2.20

Status : On watch for higher lows

API has been a mixed bag for us in the past but still has some action to come. The weekly chart looks strong but still has some work to do. We can see price kicked up to 2.38 and is now in contraction. We expect price to contract further and wash out a few more late buyers before building a higher low for a buy entry setup.