$APA showed an interesting setup two weeks back. The price formed a hammer candle right at the 50 EMA and our ascending support line—classic signal that sellers tried pushing down but found solid buying pressure underneath. That structure hinted at potential downside exhaustion. However, here's where it gets tricky: bulls haven't shown real teeth since then. Last week lacked the conviction needed to follow through on that bullish setup. The lack of decisive buying after that hammer suggests traders are still sitting on the sidelines, waiting for clearer confirmation before committing fresh capital.