APT - Keeping your finger on the pulse.The long-squeeze. It appears from this situation, because it is not logical to lead the crowd, and to get the whole volume of the position, the extra liquidity will not be a hindrance.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
APT
Plan for potential "ape" spreadJust a small idea.
I like this company; been trading it since 2018 and the pandemic.
"In case" the Monkeypox virus spreads, this could be a decent hedge. We saw $SIGA with huge gaps last week (similar play), which likely will open higher on Monday.
According to one source; It's spread through droplets and/or contact with infected lesions; skin contact coughs, etc. In other words, this is nothing you only inhale, like Covid"
By that, hospital staff would need to wear full protective gear (In worst-case scenario).
Alpha Pro Tech makes "high-value disposable Personal Protective Apparel and masks", and I, therefore, expect it to extend its weekly base building and breakout.
Entered Thursday. Had a nice PocketPivot and wedge BO from Friday.
Stop: 5% start. When 5% gained -> moved to B/E before trailing 5%/ma10.
Not my classic setup, but there are not any good breakouts in this market anyway :)
Good luck next week.
Falling wedge pattern with big profit expectancy 3-5 fold $APT The falling wedge is a bullish pattern . Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling
wedge pattern is considered to be a reversal
pattern, although there are examples when it
facilitates a continuation of the same trend.
This article explains the structure of a falling
wedge formation, its importance as well as technical approach to trading this pattern. We will discuss the rising wedge pattern in a separate blog post.
How to trade it :
A:
falling wedges entries are right on the breakout however , such a mega falling wedge to be played differently.
Entry: after breaking the wedge's upper border at point (5), either with an entry after the breakout, or after a possible retest of the upper border's breakout rate.
Take profit: identified by measuring the vertical distance between the first resistance (1) and the first support (2), that measurement is then applied from the breakout rate (5)
Stop loss: can either $3 price mark, or a Pre defined level per your trading conditions however , you should give the trade a room .
B
Buy and slice while it's moving up .
The setup is crazy and might go five to ten fold increase , Yes I know what I'm talking about , Check my other ideas here $INDO .
Check out
Good luck!
APT - Afterpay potential Could we see a potential push upwards on the trendline? Or perhaps a break to the next support level? Leaning more towards a neutral viewpoint, what do you think? Any alternative viewpoints would be appreciated!
APT - Here We Go Again pt.2? Mask Mandates Incoming...APT - Here We Are Again pt.2? Mask Mandates Incoming...
BUYING CALLS
BUYZONE = 7 - 6.22
1st Target = 10.50
2nd Target = .236@14
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
APT.ASX_Range Breakout Trade_ShortENTRY: 89.00
SL: 99.15
TP: 70.06
- ADX>20
- RSI<50, RSI<30
- Daily RS -ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI -ve
- Weekly MACD -ve
- Breakout from range with good volume
Afterpay Trading Opportunity?With recent move up from area of Moving Average 200-days, we can determine harmonic resistance level using Fibonacci Retracement at 0.618.
10% upside potential to reach the target. Or 20% when it closes the gap at $149 price level.
Beware of a potential pullback to fulfill the gap at $110 and $106.
APT Technical Analysis 🧙Alpha Pro Tech Ltd is involved in the business of developing, manufacturing, and marketing of disposable protective apparel, building supply, and infection control products principally in the United States. It operates its business through segment which includes Building Supply, Disposable Protective Apparel and Infection Control. It mainly offers a line of construction supply weatherization products, namely house wrap and synthetic roof underlayment as well as other woven material, different styles of disposable products like shoe covers, bouffant caps, gowns, coveralls, lab coats, frocks and other miscellaneous products. It also provides face masks and eye shields. It generates most of its revenues from the sale of products across the United States.
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Afterpay (APT) long Bullish trend, candle closes above 50 EMA. potential long position to the previous high.
APT Squeeze Round 2Haven't shared a chart for this since June, but it's finally time.
- Biden presidency = continued demand for masks for the foreseeable future
- Premiums are still surprisingly cheap
- Only $250MM market cap, so a move to $100 isn't crazy at all (would barely put it over $1B)
- Clear trend break
- Makes vertical moves out of accumulation
AFTERPAY (ASX:APT) potential shortAPT appears to be overextended to the long side and may be due for a slight correction.
Reasons for this evaluation:
--> Solid Bearish Engulfing candlestick pattern has occurred (Bearish reversal)
Last 2 bearish engulfing patterns along with an overbought RSI resulted in a reversal. This indicates a higher probability trade setup.
--> RSI is moderately overbought (As of the 22st @ 66.59)
--> ATR is at record highs
Each new major ATR high has result in some form of correction whether small (5-10%) or large (100%+)
--> Other Large Cap stocks on the ASX such as BHP,RIO,FMG have also provided bearish signals in the last few weeks and an overall market downtrend can support this evaluation
Reason that oppose the success of this evaluation:
--> APT as a single stock has a tendency to follow fundamental analysis rather than technical
This includes being extremely responsive to news catalysts, positive forecasts and more
--> Positive news reports in regards to tech and software can positively effect APT
**Any Supporting ideas that can improve the analysis of APT are all welcome
OpenPay (OPY) FY2021 TargetStarting to also gain momentum, after a number of really good reports, this particular stock has shown a healthy consolidation phase and is almost ready to rally. target is 10$ mid term but could extend up to 15$ depending on how the overall market performs. holding all significant support, looking to break resistance soon.
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.
Z1P tests resistance✔ Facebook Partnership
✔ Ebay Partnership
✔ Harvey Norman Partnership
Holding above the 200 Daily MA Z1P prepares to break out above resistance.
Z1P recently announced a SPP (share purchase plan) @ $5.34 per share. Ending on the 13th of Jan, the SPP may lead to a sell off as the current price is 3.8% above the offer.
Long term growth remains promising
- BreadCharts