APT charting continues to be fruitfulChannel and decision points really showing as accurate
Where to from here, push through resistance or take some off the table?
APT
ASX/APT neutral but looking for a shortAPT now range bound with bearish divergence on the RSI and lower highs target 14.95 failure of lower range support will look for longer term shorts.
Afterpay - Breakout from an inverted H & S formation Afterpay (APT) formed an inverted Head and shoulder formation. It then broke out with a gap in price and retested the support around $15.
I calculate the next resistance around $18.75, though the move could extend to $19.50. This is not investment advice.
Afterpay Round 2 - Long that Stock APTBeautiful bottom test and bounce, should hit 20+ soonish if the ASX doesnt take a dump overall.
AFTERPAY - UPDATE - SUPPORT HELD - BUYING OPPORTUNITY AS NOTED IN MY ANALYSIS LAST WEEK WHEN THE PRICE WAS AT $17.80 I EXPECTED A TEST OF THE SUPPORT AT $17.20, WHICH HAS BEEN HOLDING.
IF YOU GOT IN AT $17.20 LAST WEEK, I BELIEVE THE R/R FOR A TRADE HERE IS GOOD.
VARIOUS TRADE SETUPS ARE POSTED ON THE CHART.
OUTSIDE OF A GOOD SWING TRADE, I BELIEVE THERE IS ALSO GOOD SCALPING OPPORTUNITIES ON THE DAILY, LOOK AT SUPPORT REGIONS FOR A 2-5% SCALP.
GOOD LUCK
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
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.
