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.
*not financial adviser