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.
- Forums
- ASX - By Stock
- APT
- Afterpay isn't making money
Afterpay isn't making money, page-122
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)