Hi Traders,
We have re-entered a long for APT
Entry
8.13-8.17
TP 11.2-12.2
SL 8.05
Third strong potential support on the consolidation trend and also a full retrace on the fib-retracement.
Given the bullish market i would lean towards an upward move to atleast hit prior highs (SL HUNT) but more likely a final over extension, maybe even hitting a 100% $14-16 price point.
Depending on the strength/velocity of the break out we will change the price TP, fast and building as the initial was (7-10) then we lean towards 11/12 TP, but if slower and full of pullbacks more so just a double top.
Some big players have bags and will want to unload them at higher prices i'm sure.
Goodluck,
Assetmastery
We have re-entered a long for APT
Entry
8.13-8.17
TP 11.2-12.2
SL 8.05
Third strong potential support on the consolidation trend and also a full retrace on the fib-retracement.
Given the bullish market i would lean towards an upward move to atleast hit prior highs (SL HUNT) but more likely a final over extension, maybe even hitting a 100% $14-16 price point.
Depending on the strength/velocity of the break out we will change the price TP, fast and building as the initial was (7-10) then we lean towards 11/12 TP, but if slower and full of pullbacks more so just a double top.
Some big players have bags and will want to unload them at higher prices i'm sure.
Goodluck,
Assetmastery
