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rutt
7 de May. de 2021 2:10

AfterPay - Price action needs to hold this level of support !! Corto

Descripción

The APT price action is desperately looking for support and a pretty obvious elliott wave ABC correction is in play. Chart is suggesting APT needs to hold this level or we could see further falls down to the $70 level or even lower. Also H&S pattern is in play. Just an observation take with a grain of salt.
Comentarios
thinkriver
If you connect (5) and (B), it may also become a falling wedge if it hold on current price level and going up.
rutt
@thinkriver, Yes, very true, good spot!

h3DgE4B33F
I suspect global equity markets are bearish until October/November. APT should be a buy then at $50-$70.
rutt
@h3DgE4B33F, I tend too agree. Not sure it gets to $50 though. Earnings in late August will be very very interesting.
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