Potential reversal in Afterpay Touch ?Since breaking out of the inverted head and shoulder pattern, APT has appreciated by approx $5.On the daily chart APT formed a shooting star candle and along with the divergent RSI points to a potential reversal in price.
Afterpay
Following the trend of top stock AfterpayFor my reference:
Green triangle = buy and hold
Pink triangle = sell
APT - Do we want to short Afterpay? (Probably yes)So here is an idea. I let charts do the talking. We are approaching resistance. I dont think we break through it here. However targets are given. No matter what the dip, this is one stock you buy and hodl.
Afterpay Round 2 - Long that Stock APTBeautiful bottom test and bounce, should hit 20+ soonish if the ASX doesnt take a dump overall.
Afterpay APT (ASX) up 200%Using the Whalemaker indicator on AfterPay (APT stock in ASX), buy signal was generated 3 months ago on May 2018. Afterpay has gone up 200% since then.
ASX:APT Afterpay Touch Group - Are we at its peak?RSI is already touching the oversold boundaries. How much further can ASX:APT run? For early investors, you might want to book some profits soon. I wouldn't recommend going into a trade right now with ASX:APT because of the limited upside to my target at $10.30-60 before a correction is due.
ASX Stock AFTERPAY -- Prepare for Launch OffVery bullish news coming out for after pay along with the US expansion. its gone viral here in Australia. This is a long term 6month trade.
AfterPay (ASX:APT) to break support this week?I'm new to TA, so want to use my charts as more of a point of discussion than a reason for internal alarm bells to go off! Being Aussie I'll also focus on ASX stocks, which may not get that much attention on TradingView.
Anyways, with AfterPay this week it looks to test support around the 6.33 mark, as investors take a breather after the recent earnings report. It will be interesting to see if it holds or breaks downward with higher than ave volume supporting the downtrend plus RSI and MACD indicators not giving bullish signals yet.
My view is that if it breaks support, there isn't another resistance level until 4.77 so there could be 25% downside risk to come.
