APX - Appen Limited

[frugal.rock]

Looking like it wants to retest the 16 mark?
Either way, it should hold out at 15 or worst case could be a bum rush the wrong way to near 10....
A lot of market scenarios at the moment, hard to tell.
There's no big volume pushing it down (yet), so not to worry at the moment.

Edit; due to the most likely holding time frames, I'd use the weekly chart finicky, it smoothes out the worry lines...

 

[finicky]

You're right, the weekly doesn't look as bad
It's just loose thinking but I've been prepared for $12. Not my favoured scenario obviously. It's just a rough measured target from the high vol, gap down, break below $28

 

[finicky]

Looks just to me like APX is at a critical level. Has not broken the recent March low yet ($15) but today made a short term lower low. Has failed this time to meet up with the falling 50dma. Except for non confirming momentum indicators the price seems to want to go lower. If it doesn't pull up at $15 my minimum target would be $14 but I give somewhere down at $10 a chance. I have no stop loss and am looking to add on a big fall.

Held

APX 2 year Dly

 

[galumay]

Still too expensive for me, but at least its headed in the right direction!

 

[finicky]

$14.51 last I looked.

I have been seeing $15 as important to hold. APX is making a lower low to that made in March 2020 (not shown here, see above for daily chart)
Looking at the daily, the most likely scenario now would appear to be continuation of the downtrend?

Hourly

 

[finicky]

Appen CEO speaking at Macquarie conference today. His speech notes are out.

Hourly

 

[galumay]

Its getting closer!

 

[finicky]

Investor Relations - Appen (APX.AX)

Our training data gives our customers the confidence to deploy world-class AI by creating high-quality unbiased training data faster.

appen.com

Temporary pause in trading just announced
I obtusely couldn't read too much bad in the note, maybe there was euphemistic code in there for - market is chaotic and roiling ("dynamic") Our competitors are getting more competitive and blunting our edge ("competitors are maturing") lol

 

[bsnews]

Temporary pause in trading just announced
I obtusely couldn't read too much bad in the note, maybe there was euphemistic code in there for - market is chaotic and roiling ("dynamic") Our competitors are getting more competitive and blunting our edge ("competitors are maturing") lol

The competition I feel has came from the FANG stocks thereselves. So as not the allow Appen to dictate pricing to them.

 

[bsnews]

The competition I feel has came from the FANG stocks thereselves. So as not the allow Appen to dictate pricing to them.

Really good bounce this morning.

 

[galumay]

I was reading some interesting articles about new developments in AI which largely make the work of companies such as Appen irrelevant. Users are developing self supervised learning for AI that bypasses the work that companies like Appen do with lots of humans.

One re Facebook here,

 

[over9k]

This thing's been a falling knife for a while.

 

[finicky]

So much for that 'rally' ?
I anticipate $10 as first target now, jmo
This has cost me about $5k so far, but arguably worth it to stay attuned to the stock.
I plan to add at some point unless I change my mind, the more doubters the better (cliche) but I believe it.

Daily

 

[Miner]

So much for that 'rally' ?
I anticipate $10 as first target now, jmo
This has cost me about $5k so far, but arguably worth it to stay attuned to the stock.
I plan to add at some point unless I change my mind, the more doubters the better (cliche) but I believe it.

Daily
View attachment 124022

APX has been showin

g off consistently a down hill.
Today's announcement has put the nail into the coffin.
There is plenty of scope tomorrow even if market has punished less than savagely after such a disastrous financial performance- https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4
Cutting the emotion only few weeks back I sold out APX and thinking today's market, that was right action not knowing today's market.

55 percent NPAT loss and heavy reliance on China - Gees -

 

[frugal.rock]

Have bought a little.
Couldn't resist $10 for a long hold... ?

 

[frugal.rock]

I note the new director Richard Freudenstein recently picked up 30,000 shares around $10.46 each.
A lazy $313,000 ?

I'm happy with my 10.03 entry...

 

[RikFever]

Not as flash but 10.20 for me.....
first-ever trade
let the fun and games begin

 

[frugal.rock]

first-ever trade

Good luck with that.

Am looking at this one as a long term investment, not a trade.
I will register for the DRP also (dividend reinvestment plan)

 

[RikFever]

Good luck with that.

Am looking at this one as a long term investment, not a trade.
I will register for the DRP also (dividend reinvestment plan)

perhaps a poor choice of words, I'm also viewing it as a longer-term investment

 

[Dona Ferentes]

a few sucker rallies on the way down.

Shares in Appen plunged on Thursday, after the AI data services company reported profits had more than halved during the first half of the year, as customers such as Facebook, Microsoft and Google, grappling with global data privacy changes, redirect spending away from intrusive user tracking technology.

Revenue slid 2 per cent to $US196.6 million (about $270 million), while profit crashed 55.1 per cent to $US6.7 million for the first half of 2021