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Apex Technology Acquisition Corp. (NASDAQ:APXT) shares traded higher Monday after retail traders pushed the stock higher.
The stock was trending on social media sites, such as StockTwits, throughout the day. The stock saw above-average volume and trades with a 35 million share float.
Apex Technology was up 4.13% at $11.59 at last check Monday at publication. Below is a technical look at the chart.
Bullish technical traders would like to see the stock make higher lows up toward resistance. If the stock can break above resistance and consolidate above the $12 level it may follow with another leg up.
Bearish technical traders would like to see the stock break below the bottom of the channel. If the stock is able to cross below the $10 support, and the higher low trendline then it may be signaling that the stock is changing trends.
(Photo by Karsten Würth on Unsplash)
Posted In: APXT