Long-term APT countPutting the past year into context. We have a clear 1st wave that took more than 1 year this was followed by shallow wave 2 zigzag that was followed by wave 3 spike at the beginning of the pandemic. We are in wave 4 right now. Wave 4 should be a flat or triangle based on rule of alternation. However wave 4's are notoriously hard to predict and we technically could go all the way down to 4. The example shown is if wave 4 was a flat wave.
APT trade ideas
expanding triangleI know I have been completely out of left field on this stock, but this is my last chance to get any semblance of bullishness in this stock left. This is an expanding triangle. Each leg has 3 waves. We just completed a double zigzag, so I am expecting a 3 move to complete E and go slightly higher than Feb highs of 20. THis well be the last time to sell imo before we crash hard with the rest of the market. This stock has been very hard to get a grasp of.
Alpha Pro Tech not your average covid stock So short term we are going to hit support level and if we can bounce back I expect a massive rip back up . Earnings report coming up can be catalyst. This is not only a stock that has been making money with PPE, they are also in the home construction materials business. Not just your average covid stock
Just buy the 50I saw this chart from big Jesse but had to post it.
Declining wedge to the 50 dma and 4-5 low volume closes.
This signals peak boredom after the last leg up before hte next big move - lets hope upwards!
Also, here is OMI their peer which just reported
In their report they said the see momentum continuing, no reason APT doesn't follow the same trajectory.
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not financial advice, im not a CPA etc etc invest at your own risk.
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
Short squeeze mini series #18What Is a Short Squeeze?
A short squeeze occurs when a stock or other
asset jumps sharply higher, forcing traders who
had bet that its price would fall, to buy it in
order to forestall even greater losses. Their
scramble to buy only adds to the upward
pressure on the stock's price
KEY TAKEAWAYS
*A short squeeze accelerates a stock's price rise
as short-sellers bail out to cut their losses.
*Contrarian investors try to anticipate a short
squeeze and buy stocks that demonstrate a
strong short interest.
*Both short-sellers and contrarians are making
risky moves. A wise investor has additional
reasons for shorting or buying that stock.
AMEX:APT
Mask up | Long APT - Biden has used the defensive production act to speed up PPE delivery
- Alpha Pro Tech manufactures and sells disposable protective apparel and building supply products in the United States and Internationally.
- High quality producer of N95 Masks
- Double bottom @ $10.60 and recent break of a descending triangle structure
- 20/40 MA sloping up on the daily and a potential MACD cross on the weekly
- Price has broke and is holding 100MA
May 21'21 $20 Calls
APT - Here We Are AgainAPT - Here We Are Again
BUYZONE = 10-12
1st Target = .236@14
2nd Target = .382@16
3rd Target = .5-.618 18/20
HODL Target = .786@22
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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
Possible rocket ride incoming*** Long but not quite yet. Read the notes below. Watch this one very closely over the next few days.
COVID Play - This company produces PPE supplies.
COVID numbers should be climbing, regardless of vaccine progress, there will be demand for PPE.
Almost ready for a long.
If this count is right then short term it has one more visit of the 9.06 - 10.54 area.
If my count is wrong and breaks the current downtrend resistance from 11/05 then we head higher from here.
Note the strong rejection higher from 10.54 on 11/09. Price came back to retest then a few strong days but breakout attempt failed just under the 50ma.
This is one to watch very closely. If the trend continues back to that buy zone again and retests 10.54 I consider this a strong buy.
Especially if RSI and Stochastic match up in oversold. Note the price action back from June when that occurred.
A double bottom at 10.54 soon would not surprise me a bit. Falling diagonal to complete wave 5. Followed by strong ABC correction.
If this is all accurate then a strong correction could easily get this back to $22-$24 range.
Also on the fundamental level, this company has a float of under 20m and a float short of over 30%. That's the ingredients for a rocket. Hence the previous spike high of 43.92 on 02/28/20.
Trade idea:
Confirm with price action, RSI and Stochastic.
Long from 10.54
Stop Loss below 9.06 (low from 06/05/20)
3/1 R/R = 15.16.
T1 - 16.27 (.382fib and 200ma)
T2 - 19.80 (.618fib)
T3?? - 25.53 most recent high...remember rocket ingredients noted above.