APT has just broken the trendline since January 2023 (see screen-shot below), with at good candle (16% up).
I'll will wait for the retest of the range around $5.3-$5.4 to enter.
This area is a confluence of
- The Fib 0.5 and Fib 0.6 (drawn for the today's candle of 16% raise)
- The long-term trendline
- EMA 50D
If prices come to this area, the proposed set-up is in chart.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Comment:
Prices was closed to $5.4 before rising. Orders has not been filled. I'm not sure if retest would be possible the next days.
