APT - mask maker good story/technicals - run to 20-40?!
There are a lot of things I like: daily MACD turning up, strong uptrend line, strong support at the 9 level which has been several times tested. I could see runs to any of the levels I have put dashed lines on -- lets round to 22, 30, 40. High short interest and headline benefits in the name could help propel this one further.
There are two things I don't like about this chart. First is that each of the more recent advances have been on thinner volume. Second is that each of these aggressive northward moves (way outside of bollinger bands 1 std dev from 20 ma) have been met with aggressive selling.
I have traded this a few times in the past (currently long Jul 10 calls) and saw it wake up today again on the news with CA requiring masks. What other states are going to follow?
What do you think?
There are two things I don't like about this chart. First is that each of the more recent advances have been on thinner volume. Second is that each of these aggressive northward moves (way outside of bollinger bands 1 std dev from 20 ma) have been met with aggressive selling.
I have traded this a few times in the past (currently long Jul 10 calls) and saw it wake up today again on the news with CA requiring masks. What other states are going to follow?
What do you think?