Could we see a potential push upwards on the trendline? Or perhaps a break to the next support level? Leaning more towards a neutral viewpoint, what do you think? Any alternative viewpoints would be appreciated!
The APT price action is desperately looking for support and a pretty obvious elliott wave ABC correction is in play. Chart is suggesting APT needs to hold this level or we could see further falls down to the $70 level or even lower. Also H&S pattern is in play. Just an observation take with a grain of salt.
With recent move up from area of Moving Average 200-days, we can determine harmonic resistance level using Fibonacci Retracement at 0.618.
10% upside potential to reach the target. Or 20% when it closes the gap at $149 price level.
Beware of a potential pullback to fulfill the gap at $110 and $106.
APT appears to be overextended to the long side and may be due for a slight correction.
Reasons for this evaluation:
--> Solid Bearish Engulfing candlestick pattern has occurred (Bearish reversal)
Last 2 bearish engulfing patterns along with an overbought RSI resulted in a reversal. This indicates a higher probability trade setup.
--> RSI is moderately...
For the last 3 weeks I have seen Afterpay has been forming a wedging pattern (bigger than any previous similar pattern). A breakout of this pattern will shoot the share price to an immediate price target of $112.
The downside potential still needs to be considered if breakout below the current price level. In the past two years of the month of December, Afterpay...
The high that was created by the hype during its IPO is ready to get taken over by the hype that's created from a cashless society.
- MACD daily golden cross
- MACD volume increasing
- Demand volume increasing
- Broke out of bullish pennant
- Bullish Moving averages
Hoping for some consolidation at this level due to 2 massive supply tails at 1.915.
I noticed on the daily chart today for APT that it has potentially broken it's uptrend for the first time since March 23 this year.
The breaking of the uptrend itself doesn't mean its the end of the world, but in my experience, it's certainly a warning flag.
The closest daily support I can find (no a lot to work with) is around $65.80 (marked on chart)
I have been glad to get in on this penny stock, Just after its all time low of 34c back in March, Even tho Sezzle is still in its infancy stages coming into the scene in August 2019, I think this new company definitely has a lot of potential to grow in the (BNPL) category.
The BNPL sector will be blowing up in the years to come, If the financial markets and...
Given the recent market movements my primary count for APT has changed considerably. I will become far more bullish if we get a solid pivot at one of the areas mentioned below. The first entry to the last stop is ~ 25% drawdown so size positions carefully. A position of 5% of total account would be ~1.25% loss.
1st Entry for Wave 3 of Wave 3: $24 ...
Today’s chart worth taking a look at will be AFTERPAY which is in a strong bull market respecting its trend line and is currently in blue sky breakout mode. A return to its trend line will post a good opportunity to long this instrument!
Points to consider,
- Bullish trend on all time frames
- Major support at .618 Fibonacci Level
- Blue Sky...