APT has been forming Higher Highs and has been in a superb uptrend but now it looks very risky at such elevated levels. As we can see that it has been supported by the upward trendline, we should also notice a Bearish Divergent MACD Cross which indicates that the Bullish Momentum may be running out of steam for now.
I believe that if we see the trendline break, we might see a follow through and price to plummet all the way down to Support at the $70.00 - $72.00 range. This could be a 35% move from current price level of $110.00. APT has been in a Long Term Uptrend and I think we might see a shift in the Medium Term Trend soon, which is fine and healthy for the Long Term Uptrend to continue.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
I believe that if we see the trendline break, we might see a follow through and price to plummet all the way down to Support at the $70.00 - $72.00 range. This could be a 35% move from current price level of $110.00. APT has been in a Long Term Uptrend and I think we might see a shift in the Medium Term Trend soon, which is fine and healthy for the Long Term Uptrend to continue.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
Comment:
Comment:
APT has been on a tear, and still continuing upwards. I think Buying at such elevated levels is very risky now. Will have to wait and see if it continues up or gives a Blow off Top.
Comment:
Comment:
APT is on a tear to the upside but with decreasing Volume on the Weekly Chart. This is getting very Risky