APT 0.00% $66.47 afterpay limited

Afterpay isn't making money, page-122

  1. 322 Posts.
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    I agree with you. if you look at Fibonacci, the price action is very clear and should go down to 50% retracements which is around $84 in the near future before it makes a base and starts to go up again, if it does. but if the 50% doesn't hold, it can go down to the next Fibo. level which is 61.8% or $66.

    $66 should be strong support level in my opinion as it was the price level they raised capital form investors late last year.

    usually there is bounce back from $66 towards $84. if the fundamentals don't add up then then another leg down starts as soon the stock tests the $84 mark and goes down towards $40 mark which was previous resistance level or even can go down to $30 mark. a price level some brokers have as their 12 months price target.
    Last edited by FinallyUp: 07/03/21
 
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