{"id":328187,"date":"2024-06-05T06:49:50","date_gmt":"2024-06-04T22:49:50","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328187"},"modified":"2024-06-05T09:38:43","modified_gmt":"2024-06-05T01:38:43","slug":"technicals-talk-apex-mining-company-inc-apx-5-jun-2024-by-rcbc-securities","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/technicals-talk-apex-mining-company-inc-apx-5-jun-2024-by-rcbc-securities\/","title":{"rendered":"Technicals Talk: Apex Mining Company, Inc. (APX) – 5 Jun 2024 by RCBC Securities"},"content":{"rendered":"
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Summary of Technical Analysis<\/h2>\n\n\n\n
Stock Code<\/strong><\/td>APX<\/td><\/tr>
Company Name<\/strong><\/td>Apex Mining Company, Inc.<\/td><\/tr>
Broker<\/strong><\/td>RCBC Securities<\/td><\/tr>
Opinion Issued on<\/strong><\/td>5 Jun 2024<\/td><\/tr>
Price Support<\/strong><\/td>PHP 3.80<\/td><\/tr>
Price Resistance<\/strong><\/td>PHP 4.20<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

After experiencing a significant rally of as much as 43% and reaching its highest level in 7 years at 4.20, APX\u2019s share price pulled back and entered a consolidation phase. <\/p>\n\n\n\n

Currently, the stock appears to be forming a bullish pennant pattern, indicating a continuation of the uptrend after the period of consolidation is over. The projected price target should it breakout of the pattern is around 5.90. <\/p>\n\n\n\n

However, if it breaks below the support line, it would invalidate the pattern formation and may result in a retest of its 3.80 support. <\/p>\n\n\n\n

<\/div>\n\n\n\n

Our Partner Broker’s Recommendation<\/h2>\n\n\n\n

For those looking to take positions, buy on breakout and set cut loss below the 3.48 to 3.50 support area.<\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

After experiencing a significant rally of as much as 43% and reaching its highest level in 7 years at 4.20, APX\u2019s share price pulled back and entered a consolidation phase.<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-328187","post","type-post","status-publish","format-standard","hentry","category-technicals-talk","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=328187"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328187\/revisions"}],"predecessor-version":[{"id":328189,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328187\/revisions\/328189"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=328187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=328187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=328187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}