What is up, everybody welcome to church trades. We get technical analysis of different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks. I like the premise by saying that i am not a financial advisor nor expert. I am just some uh, i'm just some guy on youtube, so take what i say with a grain of salt.

The reason i started this channel is because a couple years back, i was about 30 000 deep in some pretty bad medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work really hard and invest my money and I'm happy to say that not only am i now financially free, but i'm doing pretty well for myself at the age of 23. So if i could pass along any of the information resources or tools that are given to me, make the community a little bit better off than it was before, that's all a guy can ask for. Lastly, if you wouldn't mind dropping 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 every day, multiple times a day, now quick shout out to the guys over At the patreon we do have a couple new people joined today, we're about 57 members, strong dave, ricardo, amit, iodell, jaden, mecca, ridgeway, alec, arthur montana. Thank you guys so much for the support.

It really does mean a lot to me. They will have access to the private discord as well as real-time insight to my personal trading and, if you're interested in the patreon. There is a link in the description box down below now. Today, we're going to be giving an update on apxt apex technology acquisition corporation.

Just to be transparent, i do have a position in this stock, so if this deters you, because i have a bias, i just wanted to make that aware to you um. I have 152 shares at 14 and 20 cents currently sitting at three percent uh gain and 65, and this does come out to a value of about twenty two hundred dollars, so this would be transparent. I do wan na show you how to scan the teeth with apxt uh we're gon na be running over the overall volume trends that we're seeing the rsi indicator. The relative strength index, the 20-day volume adjusted moving average, the vomit, the 200-day ema exponential moving average we're gon na look at this from a macroscopic point of view, as well as a one-day one-minute chart microscopic point of view for both middle long-term investors and uh day Or swing traders? So let's give you a background on apxc if you're not familiar with what they are apex technology 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 and internet technology industries and apxc. If you pull them up on on market beat, you know they don't have currently any analyst opinions, but we can look at a couple of their different financials here. They uh don't have any p e ratios available.

They don't have any debt to equity ratios available. Their current ratio is 10.51 market cap of about 651 million, so you know a pretty decently small company, but not outrageously small. I consider anything over one billion dollars to be pretty substantial, um and worth noting. 44 million total outstanding shares, and that is what i am seeing currently on.

Ap xt and i heard news that they had announced a company had invested a fair amount of money into the stock, and that is why we saw this pretty harsh increase on the stock. However, i do not want to put out false information. I did google apex technology news and i checked a couple different sources. You know if we click on yahoo finance, nothing is really coming up.

I did check reddit and nothing is coming up and then i did check fidelity news and nothing is coming up, but there was a substantial increase in apex technology. Uh share price. There was a fair spike. You know from close at about 14.62 up to 15.45, which is not near the all-time high right.

We didn't reach all the way up to just about 18, but it was. You know, substantial enough to know that this is abnormal trading for the stock um. I just want to be. You know completely honest and say that i can't find the information on this on the internet.

I did check a couple different sources, so i'm not going to confirm that that happens. But you know it does seem based on the overall trend that we're seeing on the stock and that huge spike in the in the after hours that it is possible that a company did take a very solid stake into apxt. Now, if anybody does have an article talking about this, this investment, please drop it in the comment section down below, so everybody that watches this video has access to it. As as i said, i have not been able to find it, but it does seem very possible and uh.

I would not be surprised just based on the price action that we saw there. So if we look at the one month, chart uh take a look at the rsi indicator. We are currently just coming off of overbought territory over 70 with that with that spike anything over 70s or bought. Anything under 30 is oversold, and typically speaking when we do see that um over 70 rsi, the correction does seem to come into the mid 30s high low 40s.

You know so the corrections typically are a little bit steep. You know we did see here all the way from 70 down to uh just under 30., so the corrections on apxt are something to keep in the back of your mind. If you are holding this for a mid to long term investment as they do tend to be pretty decent right, we do have a lot of ups and downs, a lot of valleys. If we do look at the last month, you know we were sitting at 14 and 13 cents and we are currently sitting at 14.90, so the last month of growth has been pretty decently slow.

We are on an uptrend very slightly, but i do see this company doing good things in the future. And if you look here when the merger was announced, they had a pretty solid increase right. They were, they jumped up pretty high, they gapped up and never really looked back. So i do think this is a solid stock, regardless of how the charts are looking in that sense um.

But i just wanted to make that completely transparent with you guys and help with your financial and investing decisions. Now i do have the 200 ema right here. This dark blue line and the 20 day the volume adjusted moving average pulled up, and these indicators are, as such, the vomit is a 20-day moving average that takes into consideration the overall volume that is pumping into a stock creates a trend line, valuation of 14.58 cents And the ema, the exponential moving average takes a 200-day moving period, um valuation average and creates a trend line off of it, and we are currently sitting right under 1490 with the ema and something to take note of that is a very bearish sign on a stock. Is this right here, the volume adjusted moving average did dip below this 200 ema, so we are in pretty bearish territory.

The larger the gap between these two indicators, the more bearish a stock, is, and what you're going to be looking for in the future is a crossover between the volume adjusted moving average and the 200 ema. As you see right here and anytime that this happens, you know this is a very bullish indicator. If you've gotten in when that happened at 1389 and wrote it all the way to the top as a swing trade, you would have made a just shy of five dollars per share, which is a pretty solid return on your investment. That's not bad whatsoever! I am holding this as a mid to long-term investment.

That is the way that i am playing this as it is. A merger dealer is a spat company and typically spat companies do see a pretty decent run up right up until the the spac date, in which case you see it pretty sure i've declined and i will enter i will, as i was. I will exit my stock uh exit my position up upon the day of the merger and lock in those profits, so that is how i'm currently playing the stock. I do not recommend you blindly follow what i do, but it is going to be a pretty pretty hot stock.

I think, and even though it's not moving fast right now, i do think i do see good things coming with the company man. I need more coffee or something i'm spitting all my words. Weird people tell me that that i rap when i talk and uh i love seeing that i should make a shirt or something market wrapper or something that's funny, uh whatever. So that's how we're looking there? The volume is nothing nothing out of the ordinary, it has been pretty standard for the last you know week or so, which is why we're not seeing a huge amount of volatility.

It has been pretty consolidation-esque. You know we are hanging between a pretty tight price range. Uh around you know, 15 and 30 cents and all the way down to you know right around here it has been pretty tight up and down up and down nothing out of the ordinary. I wouldn't call this any sort of bullish or bearish pattern.

I would call it just a consolidation phase, so it's a pretty neutral movement, i'm not really favoring, either the bears or the bulls at this given moment, but we are currently in bears territory and an overall bearish trend as we. If we draw a trend line here from the high point, all the way down to the high point here, you can see you know it is a very bearish overall trend and if we draw from a low point and match the low points, if we do continue, This overall trend, you're going to be looking something like this now. Something to keep in mind is if we want to break out of this bearish trend. A push above this overall trend line.

Right here is going to be substantial for the bulls and you're going to want to be watching for that. So if we do zoom this out a little ways and we we pull this line down right, it looks something like this and over the period of the next few trading days, we're going to be looking to bust over. You know, potentially fifteen dollars and twenty cents. Fifteen dollars fourteen eighty and we have been very solid consolidation - uh happening right now, so, even if we just stay in this current price zone in this current price action, we don't move up whatsoever right.

Um, the longer consolidation happens, the more that it favors the bulls. So you're gon na be wan na watch for either consolidation or an increase in share price that will break this overall downward channel that we are currently seeing on apxt and once that happens, i do predict and uh you know speculate that we will move back into Bullish territory and see some very solid bullish price action in the future, so do be watching for that. That is what i'm expecting to happen, and once that does happen, i do think we're going to continue to see some previous bullish trending, like we have in the past. So that's currently how we're looking on the one month chart the one day one minute chart if you're looking today or swing trade.

This just to be completely honest. I don't think this is a great stock to day or swing trade. You know, but there's not a lot of volume pumping in right now the volatility is not extremely high. You know we're looking at about 14 and 20 cents up to 15 and 20 cents, and typically it takes a couple of days to reach that and we sometimes don't even hit it right, um this 15 20 mark.

Besides this huge spike due to the the uh, you know investment news that i've heard hovering around on my comment, section, um and and youtube is, you know, kind of an outlier right? If we didn't have that news come out, we would not have probably touched this. 1520, we probably would have hung around where we are right now, um and honestly. If this spike did not happen, we are kind of forming a overall. You know kind of.

I would call this an ascending wedge in a sense. If you take here from the low point, uh and the high point, you do have a funneling down a tightening of price action and typically, when you break either of these trend lines, either up or down the movement is pretty harsh. So you know this could be a slight bullish indicator. You know i do feel inclined to say it's more neutral than anything, but i'm just presenting presenting it to you as i see it and you can make your own decisions investing based on that now back to data swing trading.

You know if you are interested in doing that. We do currently have support sitting at 1440, followed by support once again right around here. At 1460., we had some pretty price tight price action until that news did come out in which we did shoot up to 15.48, and we have been slowly. You know climbing back down ever since this does kind of form a bullish, flag pattern.

So here is the pole right here, i'll make this line a little bit thicker thick with two c's to make it a little easier to see, move it off of the line a little bit uh. We do have the flagpole right here, followed by you, know the overall flag coming from this high down here to the from the low you know down here, looking very solid, that is uh. It is pretty solid, looking bullish flag and that is typically a bullish indicator. So if we can push through this overall trend line that we're seeing on you know on this bullish flag into monday's trading hours and we break through that trend line, that is a very bullish indicator and we could see some pretty harsh price action, as we've seen In the past, a perfect example of this would be jx a play that i put you guys on if you're a part of the channel, we did have a bullish flag right here and if we do zoom in on this once we broke through this uh.

This overall trend line, we did see a pretty harsh climb in overall price right, so that tightening and price action that compressing that buying pressure does uh does typically favor the bulls. However, it can go both ways right. There are bullish, flag instances where you know we break through the bottom trend line, and then it is bearish territory, but most of the time you know, i'm not gon na, give you a percentage or anything but most of the time. This is a very bullish sign and i do anticipate that if we do continue into monday um following that same pattern, we're going to see some good things.

So, if you're looking to day trade, this uh, we do have the current resistance level sitting right here. At 1548., i would recommend if we do see a pullback to 1460 or 1440 entering into your trade at that point and then riding it back up see if we push through this 1548 and if we do, you can keep right until the next level of resistance, Which is uh? Oh, i better come back to the other chart apxt, which is currently sitting right around. I would say um here at 15.89, in which case you're gon na want to watch to see. If we push through.

You know that resistance level, if we don't, we hover, you see it bounce back down, it's probably a good time to exit your trade currently in bearish or consolidation-esque territory. So if you're looking to short the stock - and you do see a spike back up to 1548 - followed by a price rejection, you could shorten right back down to this level of support. You know i do anticipate that we will see some support come from this. Overall, you know actual price action we saw in the after hours.

You know we did have a previous level of resistance acting as a level of support if we do come back up to 1548, so you could watch for this level. You could watch for this level as well right here at 1480 and short it back down and uh and follow these marks. If we push through 1510, keep it riding if we push through 1480, keep riding. If you see price rejection or bounce exit, your trade and lock in the profits, so that's currently what we're looking at on ap xt uh, and that is what i have for the update.

So if you guys have any questions i'll do my best to get back to them in the comment section down below um. Thank you for watching the video. If you enjoyed it, please drop a like if it does help support the channel. Consider subscribing, if you like, to see more content like this, as i do post videos every day and lastly, i have an affiliate link in the description box down below for tubebuddy.

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Peace.