APT 0.00% $66.47 afterpay limited

APT Chart, page-1891

  1. 250 Posts.
    lightbulb Created with Sketch. 330
    Using the weekly chart, June's price action shows a break above a long-term ascending trendline (purple line).

    The trendline was formed in September 2019,[1] and after a hefty drop in October, took time to rebuild momentum.

    In February 2020, the scene was set for a new test.[2] While the price reached an all-time high above $40, it quickly dropped in light of the panic selling with COVID-19.

    During April, panic selling flipped into FOMO-style buying, which pushed beyond February's all time high.

    A key test emerged in the second half of May, when the price reached $45 and was ready to retest the existing trendline.

    When the irresistible force (the uptrend) met the immovable object (the trendline), the former won.[3]

    The first two weeks of June saw some momentary selling pressure back towards the trendline. Although intraweek trade never went lower than the trendline, it created a conspicuous spinning top two weeks ago.

    Was that candlestick the beginning of the end? Apparently not - it was topped by last week's tall green candle, being the eighth in a row.

    For June so far, that makes for three consecutive weeks above the trendline, and no trades below it.[4]

    https://hotcopper.com.au/data/attachments/2240/2240018-c6d7338ccc57fe2a425533eb4f68f6d5.jpg


 
watchlist Created with Sketch. Add APT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.