Weak or Laggard
I was not impressed with APH but then I looked at the daily chart and found a nice trendline. Its not weak it was just returning back to normal!!!
Although it did not have the best close like the others APH still is holding a nice upward trend. I dont think it rockets as quickly as the others to start the day but I can see it catching up later in the day or the rest of the weak.
I will give APH a long right now based on this trend-line. 11.40 is a big hurdle but the next real resistance is $12.00. I will definitely be watching this one as after ACB hits 9 ill be looking to move to APH. Especially if it loses todays close and bounces at 11. AS noted yesterday I expect it to bounce at an RSI of 41. We are at 43 on the hourly.
Although it did not have the best close like the others APH still is holding a nice upward trend. I dont think it rockets as quickly as the others to start the day but I can see it catching up later in the day or the rest of the weak.
I will give APH a long right now based on this trend-line. 11.40 is a big hurdle but the next real resistance is $12.00. I will definitely be watching this one as after ACB hits 9 ill be looking to move to APH. Especially if it loses todays close and bounces at 11. AS noted yesterday I expect it to bounce at an RSI of 41. We are at 43 on the hourly.
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