COVID Stock-
Broken through fib resistance on Friday on high volume.
$17.50 is a key level to cross which could see a rally to $20-$21 level.
Alert set for entry above $17.50
RSI and MACD very bullish.
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Show Me the Money! 19 June, 2020, by Vladimir Rojankovski, Grand Capital Chief Analyst
California Governor Gavin Newsom signed an order requiring his state's citizens to wear face masks in public at all time.
Alpha Pro Tech (APT) shares have immediately jumped 12% on the news. Alpha Pro Tech engages in developing, manufacturing, and marketing a line of disposable...
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...
If we see another wave of corona,this company might have another 100% run.
Masks are obligatory in every institution with a 47.5% Sales Growth for the First Quarter this company might bounce to its high once again!
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
It has been in a consolidation mode for long enough time to gain enough thrust to push higher. It is really a matter of time for much higher. $19 or $20 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.
I forgot to post over the weekend my apologies but a quick overview of APT and what's it doing at the moment. Over the weekend we had somewhat of a bull flag going on after the break of the ascending triangle, as price approached the bottom support at 14.80 bears stepped in and dumped the stock as I mentioned before in my last post that could have been one of the...
