H&S and potential reversal zone on APTI'll be watching APT over the next week to see if this correction takes place, opening up another possible buying opportunity. We are currently printing a head & shoulders w/ the projected price movement ending up between 61.8 and 78.6. Profits have already been taken from my previous trades, and I suggest anyone with skin in the game ensures they pay themselves.
APT
APT short Squeezed The trade that wrecked my profits for this year, I got squeezed on this one multiple times and ended up breaking my rules and fighting the trade.
RULE #1 never break your RULES!!!
I have given up fighting the trend it's to strong I would love to flip long but it doesn't meet my risk management rules, but this one will defiantly be on my watch list to short once the ASX breaks down.
PS I have grit and I know I have an edge I just need to follow my plan and trade it, stick to the rules and protect my capital.
APT WatchAlpha Pro Tech (APT) has seen some good price action the past couple of weeks despite the overall market being flat and down. APT broke out of a descending triangle pattern and continued on strong volume before a selloff. However, a strong day today has kept the price in consolidation, forming a pennant pattern on the daily chart. If strong volume continues we can see a push to previously tested highs around 21, and potentially further.
$APT Oversold at Support - Buy Zone$APT Looking oversold today. Holding $17.00 support nicely. Down ~3% today on light volume.
Targeting $19.50-$20.50 range by early July
*Assumes close today >$17
Note: Not investment advice.
$APT Breaks Above Confluence Resistance as Virus Numbers JumpAPT just broke back above critical range and sloped line resistance out of a clear MACD bull divergence.
That is being pushed by the idea that the three most populous US states (CA, TX, and FL) are flashing signs of a COVID-19 crisis stage.
APT - mask maker good story/technicals - run to 20-40?!There are a lot of things I like: daily MACD turning up, strong uptrend line, strong support at the 9 level which has been several times tested. I could see runs to any of the levels I have put dashed lines on -- lets round to 22, 30, 40. High short interest and headline benefits in the name could help propel this one further.
There are two things I don't like about this chart. First is that each of the more recent advances have been on thinner volume. Second is that each of these aggressive northward moves (way outside of bollinger bands 1 std dev from 20 ma) have been met with aggressive selling.
I have traded this a few times in the past (currently long Jul 10 calls) and saw it wake up today again on the news with CA requiring masks. What other states are going to follow?
What do you think?
APT - Back in Play HereAPT Back in play at the bottom of current.
1st target 12.50-13
2nd Target 15-16
3rd Target 21
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
$APT.ASX Short Set up$APT.ASX Short Set up
Nice Morning Star Doji on daily chart : Confirmed
Broken Trend line : Not confrimed yet
Stock overbought : Confrimed
if the stock breaks that trend line then short it for towards the first target
$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 - 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
