What is up, everybody welcome to trades trades, where we have technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks. I like the purpose by saying that i am not a financial advisor nor expert. I am just a man: do on youtube, so take what i say with a grain of salt before we get going i'd just like to say thank you all for 1 000 subscribers that is freaking insane. I just can't believe that uh.

It feels awesome to have the community we're building out here and i'd love to have you all as a part of the crew out here at trey's trades. The reason i started this channel is because a couple years back, i was about 30 000 deep in some really bad medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work really hard, invest my money, and now I am happy to be a very financially free guy, so if i can pass along any of the information resources or tools that were given to me and change our lives even a little bit for the better, that's all a guy can ask for. Lastly, before we get going, if you would not mind drop a like on the video, it really does help support the channel and consider subscribing if you'd like to see more content like this, as i do post videos daily multiple times a day. So with that being said, we're going to be looking at ticker symbol, apxt apex technology acquisition corporation we're going to be giving an update on this stock.

So i have a six month chart pulled up the daily one day. One minute chart pulled up, so this will appeal to both midterm and long-term investors as well as date or swing traders. If that's your cup of tea, we're gon na look at a macroscopic and microscopic view on the stock resistance and support levels. The usual trading volume, the bearish or bullish trending that we're seeing right now, the volume moving average and the current price action.

So let's get right into this because we have a lot to cover, so we currently have a macroscopic support level on this stock about here. As a primary and a much stronger level of support right here at fourteen dollars and three cents now, i don't think we're going to drop back down to that 1403 mark. However, i do i want you guys to pay attention to this candlestick pattern right here. We are on a four day downswing and we do have a wick that is testing out underneath the volume moving average right.

So, as i've said before on this channel, unless you're new, in which i'll just describe it again, the volume moving average is an indicator that basically tells you whether the bears or the bulls are in control. If we are trading above the volume moving average, the bears are not in control, it's the bowls. If we're below it, the bears are and not the bulls, so just keep that in the back of your mind, that is a great way of knowing whether something is going on a bearish or bullish run. We are still currently on an overall bullish trend.

As you can see. You know we started off the beginning of december right around 1446 and we are at 15. It has been very up and down we've seen some huge spikes and uh. You know.

That's all part of the journey with uh with the spac stock, which is what ap xt is, and i'm just going to show you real, quick what that means. On november 23rd, 2020 apex technology corporation, a delaware corporation, athena technology, merger, sub, a delaware corporation, yada, yada yada, each uh entered into a business combination, agreement and plan of reorganization pursuant to which murder sub one will be merged with and into avepoint. So this company is going to become av point with time as far as i've read unless you have found. Otherwise, please let me know in the comment section down below so i can update people.

There is no hard murder merger date set. Yet i almost said: murder date: oh they're, so good they're, gon na murder, people there's no hard merger date yet, but that is why we see a huge gap up in the price action right here right. So i would assume what day is this right here? The 25th yeah the up, so that's right around the same time that merger was announced guys, so we gapped up from 1080 all the way up to 1446, and that is definitely has something to do with the merger. With the spac deal, that's going to be going down on this; it is now a spec stock, so you are going to see more volatility, but we should also see very consistent growth and price action with the stock leading into the merger date, and i do believe Once the merger data is announced, that is going to really start the clock.

It's going to get the clock ticking on ap xt, so we can start really grinding towards a high price valuation on this stock. Now this does seem to be trading very similarly to how lca and gold and nugget traded when they were going through their spec uh spec deal right now. Lca is g-nog, but before that it was trading at about you know, 10 bucks moved up to about 15 when the spec, you know the merger was announced and it ended up getting up to about 27 or 28 bucks, and that is about what i envisioned apxt. Getting is about 27 28 30 by the end of their merger date, so you could very easily double up your money if you're not in this stock, yet so do keep that in the back of your mind now these are the two immediate levels of support, um And i've got one more here set at 1482 and the reason being we've got one two, three, almost four: five, six, seven, eight nine levels of contact right here right.

This is meeting in the middle of a lot of candlestick, wicks and wicks are very indicative of buyer and seller, emotion and control and power. So, for instance, here you can see that the sellers you know they were pretty strong right, because buyers tried to push the prices up very high. They failed sellers dragged the prices back down. There was very heavy selling pressure and we're continuing to see them with that pressure right here right, that's why we're starting to poke below the uh the volume moving average right so watch for that on monday, if we do drop below that volume, moving average it'd be A great time to increase your position in the stock.

If you already have one, if you do not have one it's an even better time to establish your position in the stock right, i think anything between 14 and 15 is going to make you a lot of money, and i don't think we're going to see this 1368 again, to be honest with you, i think that's highly unlikely. I find it more likely that we have a green day on this stock in the future. Granted we are on a four day. Bearish run so do keep that in mind, but the overall monthly trend is bullish.

We have been going up. It's been very sporadic very emotional, it's a bit, it's a roller coaster, but we have been going up and i have complete faith in this company right um. These are the levels to watch for 1482 and immediate resistance is going to be right here at about 16.94. We'll just call it 17.

If we can break through 17 guys, it's going to be pretty uncharted territory. As far as i'm concerned on ap xt yep um, and i find it very likely that we'll be pushing 18 19 20 once we break through that 17 mark so be watching for those numbers. In the back of your mind, we've got three support levels on a macroscopic view of 1368, 1403, 1482 and then 17 at an immediate level of resistance. Now volume is looking pretty good.

Volume has been very consistent once the merger was announced. We saw a pretty harsh spike and it's been holding the same levels ever since so you're, looking for 1.5 to 5 million as the average. If you see more than 5 million shares traded on any given day, that's going to increase volatility right because volume drives volatility and volatility drives higher price valuations. So know.

To expect that, if you see unusual volume on the stock, it is likely to see higher highs than we did previously. If we look at the one minute one day chart, we do have an immediate support level sitting right here at about 14 and 92 cents, because we have one two, three, four five different contact points here: we've got some pretty heavy price rejection, shoots back up double Over triple over right, so this 1492 seems to be a pretty strong, acting level of immediate resistance. I do like that number quite a bit and then we have an immediate side resistance. Oh i meant to say, support.

You know what i mean guys gosh dang. I got to drink more coffee. It's too early in the morning. I'm recording this at six a.m.

I get up at five every day, uh anyways. We got immediate resistance at 15, 18 right. We've got one two three four different contact points here: price rejection, price rejection, price rejection, price rejection and the strongest level of price rejection is sitting right here at about 15 dollars and 28 cents. Now, there's a couple different ways: you can play this as a day or swing trader right if we open the day and you see a limit order, sell off immediately at open and we test out this 1492 support level again.

Well, it could do two things. It could bounce up and you could ride the wave back up, get out at 15, 18 or 15 28 or it could not bounce back. It could drop, and typically when stocks drop, they they go down a lot faster than they came up and if you want to short this stock, that is an opportunity to do so. I would watch for it looks like we have a pretty decent amount of price action in 1403, but uh they'd be a little bit risky to ride it.

That long, i know anywhere between 14 15. 14. 40, i think, is a pretty safe bet on shorting this stock. You know the the risk is infinite.

On shorting stocks, you can lose an infinite amount of money, so make sure that you're very careful about the way that you play this out. However, if you'd like to go a different route and we get up to 1528, i do think this is a safer way to short the stock. We get up to 1528 and you see price rejection again and it rides all the way back down to the support. 1492., if you see a repeat in this trend, that is a perfect exit point.

This is a perfect entry point in which to turn a quick profit on day or swing trading. Apxt this day was overall bearish. We opened up at 15 20 closed at 1508 after hours down a little bit more, so we did continue this bearish trend. Hopefully on monday we do see a green day.

However, the trend is pointing at a possible bearish day, so as a position holder, this is an opportunity to increase your position to improve your position on dollar cost average down on ap xt, so that you can reap the benefits even better when the stock does shoot Up the way that it is going to shoot up right, that is what i'm going to be doing. If i see a red day, i'm going to increase my position, i'm going to dollar cost average down. I am currently sitting at a dollar cost average of about 14 and 20 cents on this stock and if it does drop into the 14s, you bet your money that i am going to drop some filthy amounts of cash on ap xt, so that i can make Even more cash, when this thing uh comes up to the 25 to 30 range, so that is what i have for ap xt. I hope this price action video was helpful.

I hope that it answered any questions you have on what to expect on monday market, open man. I tell you what the weekends are. Never the same once you start investing, i'm always just excited for monday to come around, so i can sit. Uh sit at my desk and watch charts for five hours uh.

That is what i have for you all uh. Please drop a like on the video if you enjoyed it. Please subscribe if you'd like to see more content like this, as i do post videos every day and uh multiple times a day. So that is what i have for you, my friends, and i will see you all next time: peace,.

.