I am at a lost for the wave pattern forming in APT. I was expecting a more impulsive move. I expect some consolidation ehre, then another push to atleast 18. Where a critical decision will be made whether we go past that or stop and head back down.
Potential reversal opportunity in APT .
Indicators have bottomed and in reversal
20ma now resistance, alert set for break above.
-$16.00 100ma & horizontal resistance
Downside support at the 200ma.
Volatile and speculative stock so care needed.
I usually trade options but wanted to take a small position here. We have APT with a nice PE ratio of 14 and great earnings. The ROE is 34 which si excellent. The risk is that they are tied to COVID in their sales, but sounds like their other product lines are not doing bad. Since they have sold off and are at a decent support level with a bounce along with the...
After backtesting pitchfork projections with other markets that had the same pattern I got this pitchfork projection. This will be a long slow grind to 40+ if I am correct. the vertical lines are time bars where I am expecting highs.
This is unlikely to be an impulse and more likely to be a double zigzag. Based on the retracement of the correction of the labelled x wave, this is unlikely to be a 4th wave because it is too deep. 4th waves are rarely greater than 50%. THe other reason this is unlikely to be an impulse is because the wave 2 is already deep so based off of rule of alternation wave...
I know my timing on this has been off and we continue to be making lows. I was wrong. This is a EW count. Since the low around 9 back in March we have been making 3 waves. This may be an expanding diagonal. Wave 4>2 and Wave 5>3>1. Note I do not know if we have bottomed yet in wave 4, but this is a valid and excellent count if we were to start rallying again.
Super, Exciting Time Cycle Identified for VIX and CV stocks. There is a major time cycle(semi-circles) and minor time cycle (lines) running. The major time cycle bottoms around the 17th of August. So look for a top in the market then and a bottom in VIX and CV stocks. This will be followed by a rally in VIX/CV stocks going in 2 phases/cycles with a minor top in...