APT has seen a nice bounce off the lows at the trendline which is confluent with an 886 fib retracement with Bullish Divergence on both the RSI and MACD and now it's breaking local resistance I believe we will push towards highs from here.
APT - Here We Are Again
BUYZONE = 10-12
1st Target = .236@14
2nd Target = .382@16
3rd Target = .5-.618 18/20
HODL Target = .786@22
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*** Long but not quite yet. Read the notes below. Watch this one very closely over the next few days.
COVID Play - This company produces PPE supplies.
COVID numbers should be climbing, regardless of vaccine progress, there will be demand for PPE.
Almost ready for a long.
If this count is right then short term it has one more visit of the 9.06 - 10.54 area.
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...