duncs1981
Long

AfterPay (ASX:APT) to break support this week?

ASX:APT   AFTERPAY T FPO
I'm new to TA, so want to use my charts as more of a point of discussion than a reason for internal alarm bells to go off! Being Aussie I'll also focus on ASX             stocks, which may not get that much attention on TradingView.

Anyways, with AfterPay this week it looks to test support around the 6.33 mark, as investors take a breather after the recent earnings report. It will be interesting to see if it holds or breaks downward with higher than ave volume supporting the downtrend plus RSI and MACD indicators not giving bullish signals yet.

My view is that if it breaks support, there isn't another resistance level until 4.77 so there could be 25% downside risk to come.
Comment: Should have listed to my own thoughts and sold! A few really bad days for APT last week.
Hi duncs1981, this is a great fist analysis. I hope you keep posting more ASX trade ideas!
Reply
duncs1981 TomUnderwood
Thanks Tom, will keep learning and practising! Feedback welcome. @TomUnderwood
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out