APE has looked good through April being a major beneficiary of increasing EV sales which we discussed earlier in the month Here. The consolidation over the last few weeks, even as the ASX retreated, is a very encouraging sign for the bulls.
- We believe the risk/reward will towards APE is attractive if it opens softly this morning.
Trade Idea: Buy Eagers Automotive Ltd (ASX:APE) at $23.20 with stops at $21.80, around 6% risk
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