This Friday, AppTech Corp (PINK:APCX) stock rewarded the bulls, as the share price exploded by 192.31%.
Though, all the announced by APCX strategic alliances and plans for emerging markets expansion were not able to rush APCX stock. It were the stock alerts, that resulted in strong bullish mood and rewarded those, who like the high risks.
This week will also be challenging for APCX investors. The stock alerts that were the main booster of APCX stock stir at the end of last week seem to be still hot. According to the last ones, APCX should be put on investors’ watch lists for this week as well.
There is no official disclosure about a paid stock promotion for APCX these days, but the alerts have proven strong enough. They are even stronger than the company’s press releases about market expansions and about the strategic partnering with based in Buenos Aires, Argentina tech company LTI News, Inc.
As that news was released, APCX stock showed resistance to an even small upward move. Then, APCX moved sharply downwards and for the time of the news being still hot APCX fell down by 77%.
One week later, on no news whatsoever, APCX shares changed the direction. For three sessions in row, APCX was surging up boldly. On Friday, the culmination of the optimism towards APCX stock was reflected not only in the share price. The volume traded was ten times the average for the company and a record volume for the stock for the past decade.[BANNER]
After the strong demand demonstrated this Friday that the oversold for a long time APCX may easily become overbought if investors follow some alerts. RSI for APCX shows that there is room for further buys.
Without taking into account the stock alerts, the company’s last financials show net losses, lack of income from operations and unimproved cash balance from the last year. All these fact suggest that APCX surging up from the last days may not last. Investor activity over the next days will show for how long the upward move of APCX stock will be supported by the market.
