Afterpay - Potential Bull Break - APTWE SEE THE PRICE BREAKING ABOVE THE PREVIOUS WEEK OPEN WHICH IS BULLISH.
WAIT FOR THE RETEST OF $17.26.
IF IT HOLDS, BUY.
IF THIS LEVEL DOES NOT HOLD WAIT FOR RETEST OF $15.82.
TO SEE IF THAT HOLDS
APT
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.
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.
