APT update
Updated
Following up on my Oct 13 note on APT:ASX , its has formed a textbook style wedge which has been consolidating into exactly the $95 dollar range on its chart with decreasing vol.
Depending when the trade vol hit again, likely with vaccines and more recovery news, it would breakout (upward hopefully) to new high...however for whatever reason if its gapping downward from the wedge, we could potentially say goodbye to this ASX darling.
Depending when the trade vol hit again, likely with vaccines and more recovery news, it would breakout (upward hopefully) to new high...however for whatever reason if its gapping downward from the wedge, we could potentially say goodbye to this ASX darling.
Note
Comment: Hey guys, the break out has been activated. The new stimulus program proposing in the State is just going to put gasoline on the fire. It will just drive even weaker dollar and stronger AUD. When money floods to AUS, its gotta park somewhere...and guess what, tech giant and recovery theme stocks are going to be the candidates. disclaimer : I am not a financial advisor and owning position in ASX:APT
Note
Are we witnessing another wedge being formed between 105-120 range?Trade active
In case you are following APT, take a look at this disclosure document on how much Black Rock has been loading up on APT, and at what price.hotcopper.com.au/threads/ann-becoming-a-substantial-holder.5863204/
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