APX (Appen LTD) Next Support Line at $22

Given the weak US dollar and recent downgrade earning from APX (Appen Ltd), I think the stock price will likely continue to fall. The next support line is at $22. 


I would like to see if the price can drop to $22 and whether it will break. If I don't have any position of this stock, I will probably enter at $22 if it drops to this level. The next full year result is going to be interesting (24 Feb 2021). I feel it may not be good. In that case, breaking $22 is highly possible.  So to be safe, I think I will wait.

Fundamentally, I think it is still a good buying opportunity at this price in my opinion. but you should do your own research.


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