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APT - Daily Chart - Head and shoulders pattern currently playing...

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    APT - Daily Chart

    - Head and shoulders pattern currently playing out.
    - Price was supported strongly both times that it came down to the $15 support area.
    - Currently price has pushed above the H&S neck line indicating the pattern may be failing, although the current candle is a Doji, which indicates there is market indecision.
    - A break down below $15 support would indicator a strong bearish move to the downside.

    Screen Shot 2018-09-25 at 10.14.34 am.png


    XIJ - Daily Chart (Information Technology Index)

    - XIJ is showing a potential Bearish Flag setup.
    - If support around 1170 is broken then next support should be around the long standing uptrend line/and or the 100 day MA, which ever comes first.
    - A similar set-up is playing out on the XJO - ASX200

    Screen Shot 2018-09-25 at 10.39.31 am.png


    Nasdaq Daily Chart (US - Tech Index)
    For those that follow the US indices and find a correlation between US and Australian stocks.

    - Nothing of any real concern here yet, the Nasdaq still respecting current up trend line.
    - Although on the last 2 occasions of a high volume/narrow spread candle sell day, there was a followed small correction.
    will it do the same for a third time..?

    Screen Shot 2018-09-25 at 11.12.27 am.png
    Last edited by radx: 25/09/18
 
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