APT - chart only, page-266

As far as I can see there are no gaps below bar on around $3 which would be a breakout gap.

Gap above from 11.44 to 11.75. 13.97 to 14.03 and 15.32 to 15.45.

Given the hammer / bullish abandoned baby style formation on the 21st of Nov I would expect a reversal up to fill those capitulative selling gaps bit by bit.

First test is the 11.4 point just beneath the first gap. That is a big test as it has not only been resistance for two days but is also the 10 and 200 EMA. I think if it can move through there then it is looking quite good.

Conversely, a sell down to below previous hammer support of 10.3 would be bad.

ASX is rallying right now as banks continue to rebound (CBA looks to be playing out a double bottom) so I think the 11.4 resistance will fall.