Aptitude Share Price (APTD)

Overhead supply from previous trading, exists between prices 335-360. Those historic prices were traded, in June to July 2023. Overhead supply, can provide resistance to upward price movement, because stale equity holders may take the opportunity to sell. The phenomenum of overhead supply, loses its impact with time, however generally, within one year, as is the case here, it has to be considered as likely to be affect upward progress, until price level 360, is breached. DYOR.

APTD, is above major down trendline from 11/8/22, which is bullish. Subsequent reverse head and shoulders price formation, shoulder trendline was broken upward on 28/2/24, which is bullish and provides a sp, forecast of 400.

Sp, gapped up from 321, to 334, then made a high of 338, before reacting back to 333, implying profit taking, that left most of the price gap intact. DYOR.

Further to my message , there is a major price bottom at 290, on 25/3/22, which would represent a major pivot, so if sp, can break above 290, and achieve support, particularly above the even number of 300, then the equity could be a decent play, for investment .

Chart top Bollinger band turned down on 19/7/23, while the lower Bollinger band continued to fall. sp, has fulfilled the phenomenon , where sp, rises within 7-10 days, of bb, turndown, often signalling a bottom. Sp, broke above price pivot of 284, making second bullish pivot . Highest volume for more than a year, signal a serious interest in the equity.Positive divergence in the RSI, bullish. Price target is 310, which represents the second most recent, but higher bottom.

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