Bearish target x 3 as shown on the charts with APT.ASX. Will any be met or even exceeded ? This remains to be seen and simple answer is we don’t know. Remember this is forecasting.
A completed Head & Shoulders Top and a bearish price objective as shown on the chart is $7.00. Will the pattern succeed ?
Second bearish target is an ABC correction as can be seen on the chart and stands at $10.50 .
Third bearish target ( see second pnf chart ) is at $ 10.85.
$14.00 – $15.00 is the first important resistance zone to watch on the upside should we see a counter-trend rally.
Charts are courtesy of tradingview.com
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