SENMS1319

Afterpay (APT) long

ASX:APT   None
According to 20 & 50 EMA the price is now shifting to a "Bearish Trend" and getting closer to strong support.

Entry 1 can be considered as:
Entry Indication:
  • the hammer candle appears and standing on the 200 EMA.
  • the RSI indicator shows oversell but the candle closed bullish (selling momentum is weak)

Risks:
  • the 20 & 50 EMA are currently setting on an important spot(intersection appears).
  • current trend is shifting to bearish.


Entry 2 is safer as:
Entry Indication:
  • strong support

Risks:
  • the price would not reach this low.
  • bearish trend with selling momentum.

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