APHA Equilibrium

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The asset sold of on news on Friday. The company strengthened its balance sheet at shareholders expense, amounting to a dilution of of roughly 7%. The company remains on track, but macro economic insecurity is likely to hold the share price down for some time to come.

APHA is currently is a wedge, most likely to break bearish, looking for the lower $3 range or $2.85 key support. We need to keep an eye on volume, for clues.

On the larger time frame, I am looking for a break above $4.79. Thinking this will be during the summer/fall...

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