APX – Apex Mining Company, Inc. “A”
January 27, 2012 at 5:46 am 3 comments
Bearish divergence spotted at 5.50, went as high as 5.58. To negate divergence, apx needs to go parabolic.
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edit add: 2:52pm
@ 5.80, rsi is 69.53, parabolic if ris 70 level taken. bearishdivergence then negated.
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Entry filed under: Uncategorized. Tags: Apex Mining Company, APX, Inc., pse apx.
1.
Val Chua | January 27, 2012 at 9:27 am
What can you say about pa? Will it still go up?
2.
Jerry | January 28, 2012 at 2:44 am
Its just somebody trying to spike the price by trading with himself, look closer its only on two occasions (last week and this week) that there has ever been trade of more than 10M shares indicating its only one buyer/seller.
Price will drop back to the P4 level (or below) soon, there is nothing new in Apex to warrant this, actually there are rumors they have problems with production and cost even at the prevailing high gold price.
3.
spyfrat | January 30, 2012 at 1:50 am
thanks boss jerry for your insight. i dont know about their operations but apx needs to break its previous rsi high to negate divergence. failure means the run up was all emotional and of no substance.