APT Dec 6 Morning. Retest of the $13.02 (23.6% Fib Ret Level)....

APT Dec 6 Morning. Retest of the $13.02 (23.6% Fib Ret Level). Likely to penetrate and bounce off the 150 MA (Red line) tomorrow.

The SP has had a bounced off upper Bolly Dec 3.

Dec 3 was also 2nd advance to break $14.55 (38.2% Fib Ret Level). First attempt was Nov 8.

The 3rd attempt to break this could result in a breakout of this sub $14.55.

Long term (200MA) and long-medium term (150MA) uptrend in play. 5,8,20 EMAs flattening, indicating SP could likely go either way the rest of the week.

If SP breaks 150 MA, it'll be a long retrace back to $14...Perhaps coming off the resistance sometime Jan.

Still accumulating for long term hold. 

Loving the volatility for day trading.

PS. If the $10.70 gap needed to be filled, and does so, day trading would be best to do. If your an LT, best to log off HC and enjoy the break.

cheers,

RHR