AVPT Continues Uptrend
AVPT is a major partner with MSFT; as MSFT has good fundamentals & is in an uptrend, AVPT may benefit.
AVPT has strong technicals & early indications of sound financials & is likely to be more volatile than MSFT leading to better opportunities for outsized gains; but also outsized reversions.
As the moving averages form a bullish cross this could be a great opportunity. As charted, at least a 2:1 risk to reward ratio. Set stop loss as indicated. Watch for a failure to form a bullish MA cross.
AVPT has strong technicals & early indications of sound financials & is likely to be more volatile than MSFT leading to better opportunities for outsized gains; but also outsized reversions.
As the moving averages form a bullish cross this could be a great opportunity. As charted, at least a 2:1 risk to reward ratio. Set stop loss as indicated. Watch for a failure to form a bullish MA cross.
Note
This was a total miss on my part. Reversal signal was daily candle dropping below 6 MA on 7/27.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.