Short
APT head and shoulders top - $20 short target?
I'm going to cop some flak for this I think, since it's a hotcopper hype train stock.
Still, if this H&S formation repeats similarly to the previous one, $20 is a possible target level. The logic being last time, it fell about 1/3 below the neckline (compared to the distance from neckline to peak). So the same 1/3 will be $2 below the neckline.
I don't have money on the line yet, but may short if buyers exhaust by the end of the day.
Still, if this H&S formation repeats similarly to the previous one, $20 is a possible target level. The logic being last time, it fell about 1/3 below the neckline (compared to the distance from neckline to peak). So the same 1/3 will be $2 below the neckline.
I don't have money on the line yet, but may short if buyers exhaust by the end of the day.
Transaction en cours
I'm short now, with a sell order in at 19.70.I don't think I'd necessarily open a long position there though, it just might land there and consolidate.
Note
*buy order at 19.70
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.