Did Afterpay just break it's uptrend?
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I noticed on the daily chart today for APT that it has potentially broken it's uptrend for the first time since March 23 this year.
The breaking of the uptrend itself doesn't mean its the end of the world, but in my experience, it's certainly a warning flag.
The closest daily support I can find (no a lot to work with) is around $65.80 (marked on chart)
Breaking both the uptrend and the support will be a red flag for me.
What do you think about APT? Are we seeing some resistance here, or merely a pause between rocket ships? Comment below!
Trade Safe!
Note - None of this is financial advice, merely an opinion and observation. There is no guarantee of anything occurring. Please do your own research.
The breaking of the uptrend itself doesn't mean its the end of the world, but in my experience, it's certainly a warning flag.
The closest daily support I can find (no a lot to work with) is around $65.80 (marked on chart)
Breaking both the uptrend and the support will be a red flag for me.
What do you think about APT? Are we seeing some resistance here, or merely a pause between rocket ships? Comment below!
Trade Safe!
Note - None of this is financial advice, merely an opinion and observation. There is no guarantee of anything occurring. Please do your own research.
Note
Potentially just a retest of the bottom of the trend line today. No major movement. Waiting for further development:Note
Further breakout occurring, but nothing major, as support at 55.84 continues to hold strong for the time being. Here is an updated chart for those following:Note
Still retesting the outside of the trend line today...Note
Very interesting to see whats been happening. Technically, we are back inside the main channel and we have had a break in support. We wait to see if the channel holds. If not, it will likely drop back a little Note
Breaking the key support today. Let's see how the day plays out. Note
New lower target of $65 for APT on this chart. Let's see where the wind blows:
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