I see a cup and handle pattern forming, watch for the handle breakout on volume (~ 4M shares).
Price Target of 77-78 cent using -
• Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
API is Insider Trader’s pick of the week and has these comments
- 5 Directors have been buying recently
- Brokers re finally increasing their recommendations
- Buyer demand and smart money has been increasing substantially
- It's also currently trading at below its stated net tangible assets.
I hold API