jeffreyc96

$APT - Where to go from here (Short Term BEARISH)

Short
AMEX:APT   ALPHA PRO TECH
I forgot to post over the weekend my apologies but a quick overview of APT and what's it doing at the moment. Over the weekend we had somewhat of a bull flag going on after the break of the ascending triangle , as price approached the bottom support at 14.80 bears stepped in and dumped the stock as I mentioned before in my last post that could have been one of the possibilities that would happen. APT is currently in consolidation phase trying to understand where to go from here. So what does this mean now?

Currently I think that the bears are in control of the stock for now. I can see it hitting the $13 region and then it will bounce from that resistance and retest back up to $14.

Good luck!

*not financial adviser

Comments

Thank you so much for posting that! I am still holding from the $15 level, do you think any potential upside back to the $16 if not above in the near term?
Reply
jeffreyc96 A1Bullish
@A1Bullish, well I did think bears would have one more leg down to $13 but massive move from bulls mid to end of today. I do think $16 is possible now near term
+1 Reply
A1Bullish A1Bullish
@jeffreyc96 it is just going south not north! Any anticipation with today’s decline please?
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