Technical analysis by yoaquimboom about Symbol APE: Buy recommendation (8/8/2023)

Already broke out of a pennant pattern a few days prior. Journal Entry: LONG $NYSE:APE Temporary surge in trading volume, accompanied by a retest of the earlier breakout level supported by substantial volume. Furthermore, the overarching trend has a downward trajectory, and there exists significant potential for a short squeeze. Remarkably elevated volume during downtrends suggests active accumulation of assets, as evidenced by pronounced lower wicks on these declining candles. Targeting orderblock for swing trade at $2.9. TPs before then will be set.