Technical Review–Agape ATP Corporation (ATPC)

Sep 3

As investors loom over the slowdown in the US market, the Dow Jones had tumbled close to 500 points in a single trading day. With this, our key stock pick, Agape ATP Corporation (ATPC) sees selling pressure, however a strong support was formed around $1.570 key support level (S1). We believe this selling is short term in nature, and both RSI and MACD showed a trade divergence where there is actually accumulation exercise in place for the shares of ATPC in the range of $1.570 ~ $1.800.

We had commenced accumulation around $1.600 level.