Buyers dry up as sellers edge into the action and pressure price

Potential Sell Entry Alert to Watch APX

Time Frame : Daily/Weekly

Sector : Software and Services/Technology

Key Stats : $1.38 Billion Market Cap, VWAP 12.986, ASX Ranking 192, 4 Week Av Turnover $11,247,178, Current Turnover (Intraday as at time of alert) $2,417,252.

Company Overview : Appen Limited (APX) is a globally focused company that provides language technology data and services in more than 150 languagesand dialects to technology companies and government agencies. Appen is divided into two distinct business divisions: ContentRelevance and Speech and Data Collection.

Broker Consensus : HOLD


APX – Appen Limited

APX may be coming under pressure as buyers dry up and price fails to push up to the recent highs around 16.00. We see this weakness as a major lower high that may be playing out so expect to see some further weakness on the horizon. The first support zone is around 10.75 and if this can not hold, buyers may be running for cover.


Stock Code : APX – Appen Limited

Company Website : www.appen.com.au

Current Price : 13.03

Status : On watch for potential weakness