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APT

AFTERPAY (ASX:APT) potential shortAPT appears to be overextended to the long side and may be due for a slight correction. Reasons for this evaluation: --> Solid Bearish Engulfing candlestick pattern has occurred (Bearish reversal) Last 2 bearish engulfing patterns along with an overbought RSI resulted in a reversal. This indicates a higher probability trade setup. --> RSI is moderately overbought (As of the 22st @ 66.59) --> ATR is at record highs Each new major ATR high has result in some form of correction whether small (5-10%) or large (100%+) --> Other Large Cap stocks on the ASX such as BHP,RIO,FMG have also provided bearish signals in the last few weeks and an overall market downtrend can support this evaluation Reason that oppose the success of this evaluation: --> APT as a single stock has a tendency to follow fundamental analysis rather than technical This includes being extremely responsive to news catalysts, positive forecasts and more --> Positive news reports in regards to tech and software can positively effect APT **Any Supporting ideas that can improve the analysis of APT are all welcome
AShort
by Mikey_Scali
Zip Co (Z1P) FY 2021 Bull TargetsAs you can see, Zip Co have recently started gaining momentum upwards, after trading and consolidating at SPP range for a few weeks. this has been significant as it started show signs of strength that is maintained, and can continue to the rest of the year. Fundamentals are looking strong, and Technical analysis are certainly backing it up. at this current rate, I wouldn't be surprised if we reach the fib target at 20-25$ BY THE END OF THE YEAR. it held the golden .618 fib support and continued a strong rally towards ATH. I took a position at 5$ and very confident with the trade for the next 3-5 years. short term target however is 25$. long term target is 50$. if there are heavy shares buy back, expect a higher long term target.
ASX:ZIPLong
by CheckmateASX
1
APT - Getting Very RiskyAPT has been forming Higher Highs and has been in a superb uptrend but now it looks very risky at such elevated levels. As we can see that it has been supported by the upward trendline, we should also notice a Bearish Divergent MACD Cross which indicates that the Bullish Momentum may be running out of steam for now. I believe that if we see the trendline break, we might see a follow through and price to plummet all the way down to Support at the $70.00 - $72.00 range. This could be a 35% move from current price level of $110.00. APT has been in a Long Term Uptrend and I think we might see a shift in the Medium Term Trend soon, which is fine and healthy for the Long Term Uptrend to continue. Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
AShort
by AsimMirzaTrader
2
What to buy vs When to buy ?Many traders get too entrenched in spending hours after hours pouring over the net and attending courses to discover the holy grail of knowing when to buy a stock/index/commodity/ETF/currency/etc. However, what's neglected is what to buy is just as important if not MORE. Why did I say so ? Now, depending on where you are, you are probably familiar with your local stock index, ASX - Australia, SPX500/DJIA/Nasdaq ~ US, KLSE~Malaysia, STI~Singapore, etc. So do you invest in your local index or choose a local stock to buy ? That depends on your investing objectives. I would invest both for the following reasons - STI - It contains a basket of 20 plus stocks which if I were to buy them individually would be too costly even for fractional shares. So, I would still invest it for long term as it offers a lower risk, stability and exposure/diversification Individual stocks - this is where I can get picky because there are hundreds of them that one can choose from. My selection is based on trends, consumer behaviour , resilience to economy, etc. For example, I have some exposure in Industrial Reit, AIMS as I like the stable dividend growth and it is less affected by the current pandemic. On a global level, the game gets more exciting. Many followers know I am a big fan of the China growth story and have vested interest in China A50 , Tencent , Pinduoduo among many others. I expect the Covid-19 pandemic to be resolved by 2021 Q2 or earlier as we are now in the phase of vaccine production (article here , here , here ) Hopefully, once this wave is contained, we can start to identify those sectors that are badly affected during the Covid-19 pandemic to return to its glory days. Some sectors that are in my watch list includes but not limited to hospitality, retail (some over lapping as online retail like Alibaba, Amazon,etc are already included), transportation, construction (government worldwide will be investing heavily on infrastructure to help its economy). Healthcare will take on a different dimension as post -prevention will still remain a priority for many post Covid.
ALong
by dchua1969