. APT has heinously bounced back from 8.1 to 20 as of today’s trading session. It has defied the 0.236 fib target and is about to challenge the 0.382 fib. At the moment it is sitting at the historic resistance around 19.6 region. Considering the RSI divergence when APT touched 8.1 and an epic volume that ensued it is not surprising to see it this high. It is too early to say whether the rally will continue or not but it is clearly that the APT falling to 8 levels was not a great idea for the bulls they have said nah nah and punished the bears. For now I am keeping my eyes on this stock to enter when the volatility slows down.
