Channel based buy Sitting at the bottom of the channel A 'bump and run' is present A bump is where it is knocked out of the channel briefly only to 'Run' back to the channel.
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) Breaking...
Break through the upward channel and close below 20sma on Afterpay (APT). Target $59 which is next level of support/resistance, channel depth plus 50sma.
After failing to follow through with that H&S formed last week, we have printed some support/resistance for APT. The path of least resistance will be to follow the trend upward, and likely where we will go from here, but wait for confirmation before taking any trade.
I'll be watching APT over the next week to see if this correction takes place, opening up another possible buying opportunity. We are currently printing a head & shoulders w/ the projected price movement ending up between 61.8 and 78.6. Profits have already been taken from my previous trades, and I suggest anyone with skin in the game ensures they pay themselves.
Potential breakout of extended bullish pennant. Very clean formation and strong volume.
The trade that wrecked my profits for this year, I got squeezed on this one multiple times and ended up breaking my rules and fighting the trade. RULE #1 never break your RULES!!! I have given up fighting the trend it's to strong I would love to flip long but it doesn't meet my risk management rules, but this one will defiantly be on my watch list to short once...
Alpha Pro Tech (APT) has seen some good price action the past couple of weeks despite the overall market being flat and down. APT broke out of a descending triangle pattern and continued on strong volume before a selloff. However, a strong day today has kept the price in consolidation, forming a pennant pattern on the daily chart. If strong volume continues we can...
$APT Looking oversold today. Holding $17.00 support nicely. Down ~3% today on light volume. Targeting $19.50-$20.50 range by early July *Assumes close today >$17 Note: Not investment advice.
APT just broke back above critical range and sloped line resistance out of a clear MACD bull divergence. That is being pushed by the idea that the three most populous US states (CA, TX, and FL) are flashing signs of a COVID-19 crisis stage.
There are a lot of things I like: daily MACD turning up, strong uptrend line, strong support at the 9 level which has been several times tested. I could see runs to any of the levels I have put dashed lines on -- lets round to 22, 30, 40. High short interest and headline benefits in the name could help propel this one further. There are two things I don't like...
APT Back in play at the bottom of current. 1st target 12.50-13 2nd Target 15-16 3rd Target 21 This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice. Good luck, happy trading and stay chill, 2degreez
$APT.ASX Short Set up Nice Morning Star Doji on daily chart : Confirmed Broken Trend line : Not confrimed yet Stock overbought : Confrimed if the stock breaks that trend line then short it for towards the first target
APT shares are tracing out a clear near-term bullish ascending triangle pattern with a potential target in the $20-22.50 zone, with accompanying support trailing along the 50-day MA.