$APT Lining Up Possible $20+ Test on AT TriggerAPT 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.
APT
APT - Breakout PossibleBroke out of descending narrowing wedge with good volume behind it. Targets above.
APT Looking Very Overbought- On Friday Chinese tech giant Tencent Holdings revealed it had taken a 5% – roughly $300 million stake in Afterpay.
- This has caused a massive rush to buy APT.
- Technically the stock is very overbought and is at a significant Supply Zone which also happens to be a 52w high.
- From a fundamental perspective - price is currently over analyst estimates and has a high Price / Sales of 32x. Not a great time to buy right now -could be a good time to lock in some in profits in existing positions.
After Pay near ATHAPT has just blasted through that short zone (red box) in last few days. All secondary to Tencent bought at 5% stake. Will it keep going up or is this a 'sell the news' scenario? Honestly I've been trying to get in at a good level for a while now and do believe in the fundamentals underlying APT, but you can't FOMO buy levels like this. Also I'm a little wary about Tencent taking a stake as the republicans in America are essentially trying to outlaw them from doing any business in the states. Will this affect the overall push into America? Who knows, but something to think about.
I'll be watching this chart closely and will let you all know if I go long or short in the future.
Watchlist ideas - 4/21/2020 - $NUGT $APT $WMS $DISGold has been a very volatile commodity last month but looks like a recovery is in the midst, $NUGT looks good for another leg up here. Long above 12 with a stop loss at 10.48.
APT, a coronavirus play, has been consolidating right above the rising 5DMA. I think APT is right about to lift here. Good above 14.75 with a stop loss at 12.85.
WMS, a utility stock, has formed an inside day right below the 200DMA. Yesterday's up day was on very high volume so today's action would be a clue for further upside in the near future. Good above 36 with a stop loss at 34.20.
DIS has formed a very nice looking base on the 65m timeframe. In terms of relative strength, DIS has been relatively weak and beat up. Regardless, this could be a good long above 108.
Short APT Half position short on at 18.47
Overall market (XJO, DJI and SPX is now closing daily candles red)
We also have global bad news catalyst of covid19 out break in the US I see next weeks trading session as a short, as confidence in this overall market rally should weaken.
APT hit a daily exhaustion after a solid rally, I am now playing this as a "dead cat bounce"
Half my usual trade position is on due to taking two losses in a row this week, I have chosen to size down on this entry as I am holding weekend exposure for a possible gap up on Monday open.
The stops are wide on this trade as i'll be adding size on if it tries to re test the previous high on the daily and if a rejection is confirmed i'll add more and tighten my stop.
$APT Gets the Engine Firing Again with Key Target Levels AboveAPT is taking off again as the US contemplates mandating mask usage. The key level to watch is $20.
APT looking bullish technically and fundamentallyThe CDC may issue guidelines that Americans should wear masks when out, even if they are not sick.
APT manufactures N95 masks, which had led their share price to see big gains recently.
The stock is trading above its 200-day EMA and looks to be in the middle of a bullish setup. The MACD is trending higher but not yet at oversold levels.
$COCP Short Articles Published Drowned out by FACTS PPS Rises03-06-2020, 3.5 Million Share Institutional Buy-In tells only a snippet of the overall story with this dream stock.
sec.report
To get the real grasp of what we have here, look to my previous post and take in this analogy as deeply as possible:
In the Coronavirus Market: $COCP is to Treatment what $IBIO is to Vaccines or what $OPK is to Testing.
$COCP has completed all the financing and funding needed with two public offerings recently and are now aggressively pursing the development of Novel Anitiviral Compounds for treatment of any Corona infections including COVID-19
They have exclusive patent rights to the treatment and are in the process of advancing it quickly through a preclinical trial program.
Shorts will continue to write articles to downplay these facts as much as possible because the stock has a HUGE short position
$APT is Dead Center in the Coronavirus Fear ManiaAPT has been the go-to freak-fest for momo traders in on the COVID-19 fear boom. The stock trekked from $4 to $40 and back down to $15. But we would expect the roller coaster ride to continue. Stay nimble.
AFTERPAY LTD Wave 2, 3 & 4 (of primary wave 3)Given the recent market movements my primary count for APT has changed considerably. I will become far more bullish if we get a solid pivot at one of the areas mentioned below. The first entry to the last stop is ~ 25% drawdown so size positions carefully. A position of 5% of total account would be ~1.25% loss.
Long Entry:
1st Entry for Wave 3 of Wave 3: $24 (0.5 fib of wave 1 in primary wave 3)
Stops at $23
2nd Entry for wave 3 of wave 3: $20.80 (0.618 fib of wave 1 in primary wave 3)
Stops at $19.50
3rd Entry for wave 3 of wave 3: $18.50 (0.707 fib of wave 1 in primary wave 3)
Stops at $17.80
Target for 3rd wave of primary wave 3: ~ $66 (1.618 measured move of wave 1 in primary wave 3)
Never Trust. Verify.
DYOR. Not Financial Advice Just an Observation.
Always remember: technical analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
The SHORT for APT is there...just wait for it.The SHORT for APT is there...just wait for it. Previous outbreaks (swine flu and then ebola) led to predictable boom/bust for Alpha Pro Tech (APT). Coronavirus is just the latest.
APT Strange H&SQuite Strange H&S pattern, can be seen to have formed between the heads of the wicks from pumps. Strong linear regression uptrend.. Pearsons R value of 0.87. Short entry back into the regression trend.
ASX:APT STRONG Long Hello my dear
You can find all details on the chart above.
ASX:APT
Entry: 28 - 28.5
Targets:
First : 36.4
Second: 46.4
Stop: 25
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APT - Bullish Moment Needs To Break Over MA'sAlpha Pro Tech Ltd. is engaged in the business of protecting people, products and environment. It develops, manufactures and markets disposable and limited use protective apparel products for the industries, clean room, medical and dental markets. The company operates through the followings segments: Disposable Protective Apparel segment, Building Supply segment and Infection Control segment. The Disposable Protective Apparel segment includes many different styles of disposable products, such as shoe covers, bouffant caps, gowns, coveralls, lab coats, frocks and other miscellaneous products. The Building Supply segment consists of a line of construction supply weatherization products, namely house wrap and synthetic roof underlayment. The Infection Control segment consists of face masks, eye shields and medical bed pads, as well as a line of pet beds. Alpha Pro Tech was founded in 1989 and is headquartered in Markham, Canada.
SHORT INTEREST
18.6K 09/13/19
P/E Current
13.87
P/E Ratio (with extraordinary items)
10.84
P/E Ratio (without extraordinary items)
14.24
Z1P LONG Term Possibilities With Zippay's current trajectory things are looking good for the next 3 months. I could only speculate a likely range of -10% - +25% within this period. The company recently launched in New Zealand which opens up the company to a new range of consumers/users. However, I don't believe that the company will grow any further than Oceania in this 3 month period, maybe within a 2 year period, but considering Afterpay's international domination it doesn't appear to be a likely move for the company. Who knows though? Especially me so... yeah. Hope this was helpful any feedback I am totally open for.
$12 or $8 dollars after... for Afterpay - Double Top TBCHi All,
At a price to revenue ratio of 36:1 at the time of writing, this is one hot stock! But is it really worth it?
We clearly have a formation, but not confirmation, of a double top pattern for APT. We have a clear and solid rejection at the 28.50 zone and a 10% plus drop following. I don't think things are looking good for APT, not necessarily fundamentally speaking (besides the ratio), as I know a lot of people are bullish on this stock but at least from a technical analysis perspective, one has to ask are we about to witness a major trend change with APT?
Now the supporting TA;
Double top pattern
As already mentioned, this is a yet to be confirmed pattern. The break of the middle trough between the peaks @ 20 dollars would confirm the pattern. The red arrows provide us with a possible drop range that we might expect. The larger the variance from peak to middle trough, the larger the expected trend reversal, and this is in fact supported by the underlying trend line established from April 2018, certainly a significant trend change IF confirmed. This alone of-course is not enough, and we do have additional supporting indicators below.
RSI
We have a bearish divergence on the RSI, with a down trend quite clear. The last pump to the second peak was not accompanied by wider market participation, and this trend seems as though it will continue. RSI would confirm at this stage that APT is currently out of steam. A cross of the trend line with accompanying price action would invalidate this indicator.
MACD & Histogram
MACD is showing signs of turning to negative cycle. Interestingly the strength of the recent up trend seems to be quite great albeit short and quick as Histogram clearly shows. This would support the RSI indicator reading and might suggest the last pump was really led by a few bulls, and not wider traders/investors. MACD and histogram fall in line with a double top scenario.
MA's
We can see the last pump pulled back our 7 day MA's over the 50 but has failed with the 20. It does not look like its going to cross especially with the drop we had following the second peak. The 7 day is largely going to indicate where we head from here. Both 20 and 50 are some what flat lining. Interestingly, the major trend reversal suggested by the double top would not only include a down break of the 18 month trend line, but also the 200 day MA. All confirmations of major trend reversal. The MA's do tell a similar story as the above indicators and fall in line with a possible double top scenario.
VPVR
Our volume profiles strongly support the above TA and Double top possibility. Our value zone is below the 18 dollar mark, with the final significant profile in this zone stopping around 11.37. Below this we find the next significant profiles 8.13 and below. These targets do also coincide with FIB levels as the 23.6 sits at that 11.37 dollar zone. Failure for this too hold would give us an 8 dollar possible buy zone target.
Ichimoku Clouds
Its looking like we are going to break again, and we can see trend change confirmed with this indicator.
Summary
We have a very strong case for a double top pattern with most indicators falling in line with the same scenario. A break below 20 dollars would provide us with this confirmation and I think things might get a little ugly from there. Important FIB levels also all coincide with critical pattern events, 78.6 current support, 61.8 double top resistance line, 23.6 assumed target . I think it will be a great buy opportunity, around that price technically speaking, but accompanying fundamentals should also be closely monitored with APT in the coming weeks. 36:1 price to revenue ratios are simply not sustainable, and it is not unfathomable that we see an APT stock lower than 8 dollars.
SELL / STOP TARGETS
Stop loss @ $20.
Profit taking above highly suggested.
The above is not financial or trading advice but possible mitigations if this scenario were to unfold.
BUY / LONG TARGETS
Target 1 @ $12
Target 2 @ $8 and below.
The above are also tentative as even at these prices we still have quite a large price to revenue ratio. Technically however we could see a bounce from these point and accompanying TA at the time would have to confirm any possible trade.
Confirmation
Support @ $20 fails.
Invalidation;
New high created > $29 with a clear and strong candlestick close.
Again, in the long term this stock might be a great performer, but the analysis would suggest we are due for a trend change.
Thanks guys, leave a comment and let me know your thoughts,
Traders-Corner
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Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions.
All investment and trade decisions, no matter how well investigated, involve risk.
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APT mide term target?Just some interesting confluence of recent moves.
Point to a $28.20-$28.50 end point?
If it gets that far, one would have to think it will need to tap $30??
