AMEX:APT   ALPHA PRO TECH
Possble triangle formed here. WIll give a target of ~40 if we can break 16 with volume .
Comment: breakout
Comment: Still no confirmation that we are out of triangle. Any close below 13.5 is dangerous and spells trouble. A close above 16.5 and I think we will continue higher.
Comment: Expecting the D leg to equal the E leg in time, so we may not have a real breakout until November
Order cancelled: Triangle has been invalidated. There is some other pattern forming that I will avoid guessing at this time.

This can still rally. I am waiting for a VIX spike similar to Jan/Feb.

Comments

Whats your update on this ?
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Sintar123 Muhannadmawed
@Muhannadmawed, I don't have an update. We're still in consolidation. I don't know how long it will take. It could be waiting for the market to crash.
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Time to start taking position?
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When do you expect the spike ?
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Sintar123 Muhannadmawed
@Muhannadmawed, we need to close over 17 for confirmation.
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