Nice chart I tend to agree on the pull back but APT is a high...

Nice chart I tend to agree on the pull back but APT is a high beta stock 2.45 and reacts disproportionatly to the downside as well as the upside.

Thees is no fundamental reason for it to be where it is and fair value is about $8 , the rest being pure hope and speculation.

Based on a 61.8 percent re-tracement APT would fall to about $22 to fill two of the gaps.

Having said that in not sure this run up is complete as the long term trendline on Monthly chart has a touch at $46.

BTW how did you decide on your support trendline for future price action