What is up, everybody welcome to trey's trades, where we have technical analysis on different stocks in the stock market, as well as buy hold or sell opinions on these given stocks, i like the preface by saying that i'm not a financial advisor nor expert, i'm just some Random dude on youtube, so take what i say with a grain of salt. The reason that i have started this channel is to provide people, information, resources and tools to level up their investing game and hopefully make their lives a little bit better off than they were before i got into investing because a couple years back, i had some pretty Bad medical issues that put me about 30 000 in debt and the stock market was my trick to financial freedom, and i was lucky enough to have some close family and friends that pushed me into this style of life and, if it weren't for them, my life Would be a whole lot different, so i would just like to pass on some of the wisdom and uh and knowledge they gave to me and hopefully change some of your lives and make your financial situation a little better than it was before. Lastly, before we get going, if you wouldn't mind dropping a like for me, i'd really greatly appreciate it or dislike either way. I appreciate your support and consider subscribing to the channel if you'd like to see more content like this, i do post multiple videos every single day.

With that being said, today, we are looking at ticker symbol, ap xt, apex technology acquisition corporation and just to give you a little bit of a background on what apxc is. If you do not know it is a blank check company, it is formed for the purpose of affecting a merger, capital, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The firm intends to focus on search for prospects within the software internet technology industries, and it was founded on april 5th, 2019.. Now there is a merger that is going to be happening with apxt.

There is not a hard set date yet that i have found on the internet. If you have found one. Please drop one in the comment section down below for everybody who is watching the video. I would greatly appreciate it, but spac deals are great investments for growth, especially because once we have a hard merger date, you should see a pretty consistent upward bullish trend on apxc up until that, given merger date.

Now, let's establish some levels of support and resistance for market open today, so i really like this level of support right here at sixteen dollars and five cents. I do not think we're going to be seeing this. I think it'll be a very green day in the market because of president trump signing off on the 900 billion dollar stimulus package. I do think this is going to push investors to put a little more money in the market than they would have previously, and that is a good thing to keep in mind.

Now. The level of resistance was this 16 to 17 uh, we'll just call it 17 price target, and we did actually go over this in the market. You can see here that we got up to 17 and 17 and 30 cents now this was immediately and we did come back down. So it's hard to say if we can call this a new level of resistance, especially because the candlesticks are not very indicative on buyer on buyers.

There's not a lot of information here, so i am going to roll the 17 price target for the level of resistance. But if you would like to mark this new high as a secondary level of resistance, we can do that right now, so i'm going to call this a secondary level of resistance at 17.25. Now, if we can open the market above 17, i do think we're going to see a very solid positive green day. I think in the pre-market we're already up uh just about three percent, which is very solid.

What i like about apxc a lot is: it has not been extremely volatile for so for people who are looking to get this as a midterm to long-term investment. This is exactly what you'd like to see. We've been hanging above the volume moving average for the majority of the entirety of um the last five days we have started a very bullish run, which is very nice to see, especially considering that we saw a little bit of consolidation over this period of time. Between december 2nd and december 15th, so we are on a bullish upward trajectory right now we have been, for, i would argue, the last five days, which is very nice to see.

So i'm hoping we can continue to push this bullish trend. Of course, i cannot tell you with complete certainty that we will, as i am not a wizard, if i was, we would all be very wealthy people. That is for sure, but i can tell you what the current trend is and the current trend, especially for the last five days, is very bullish. So what we're going to be looking for today is this support level.

If we do drop below 16 and 5 cents, you are going to want to keep in mind that it probably will be a red day and a great buying opportunity. If you'd like to increase your position in the stock. However, i think the more likely course of action is going to be that we go above 17 and then 1726 and have a very solid green day. So i would expect a very solid amount of growth out of ap x t.

This is a spac deal, so once we have a hard merger date that is going to greatly affect apxt in a good way in a very good way. We should have a green day the day that the merger is released and i will make a video talking about the merger date once i have information on that. So that is what i have for apxt today. I hope you enjoyed the video please like the video.

If you did dislike, if you did not either way, i appreciate you and consider subscribing to the channel if you'd like to see more content like this, as i do post multiple videos every single day. That is all i have for you guys today, and i will see you all next time: peace.