APT 0.00% $66.47 afterpay limited

UBS Sell and $17 target!, page-69

  1. 3,968 Posts.
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    APT daily.PNG

    Not an expert but the daily low is a support $33.4/$33.5
    Next one is the trend in orange low $32
    Final one would be $29 which was the double top and breakout point.

    If i was a holder I'd be topping up on those levels with relatively tight stop losses if it broke through.
    A non holder might prefer to wait for a bounce off those levels on volume.

    I've fundamentally thought APT has been overvalued for a long time. That the risk's regarding tighter regulations in the sector, compounded with competitors increasing customer base/exposure may limit the blue sky long term profitability many investors believe. I've been categorically wrong to date as the S/P has went up 300% since then. But perhaps this is a small market realization of that risk.

    Certainly going to be a traders paradise. worth watching the open shorts to see if the UBS has got momentum.

    Good luck to all.
 
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