API – Australian Pharmaceutical Industries Limited

Stock : API – Australian Pharmaceutical Industries Limited

Current Price : 2.08

Previous Buy Entry Level : 1.97

New Sell Exit Zone : 2.00

Status : On Watch for continuation

API is pushing higher and holding higher lows as we like to see. The evidence is there of buyers stepping in so we are now watching for the buying to continue for a push through 2.10 to 2.20. We will watch how the price action plays out and are now happy to raise the risk level to 2.00 below the higher low.

 

ORIGINAL ALERT 8/3/17

Stock : API – Australian Pharmaceutical Industries Limited

Current Price : 1.945

New Buy Entry Trigger Level : 1.97

Potential Sell Exit Zone : 1.83

Status : On watch for buy entry Trigger

API is showing great signs for continuation up through 2.10 and into new highs. We can see that higher lows have built at 1.70 then 1.85 so we expect to see buyers stepping in and soaking up the selling. If price moves lower through 1.85 prior to the trigger level, then we will re-assess the price action.