Technicals | Mar 20 2018
By Michael Gable
This week we've spotted some warning signs on some market darlings. Today's report looks at Afterpay Touch Group ((APT)).
When APT hit $8 in January, it was met with some decent selling on decent volume. Once again, we can see the volume pick up on the way down so there are signs that some money is exiting APT for the time being and the shares are likely to consolidate the large rally of 2017. We can see some strong support near $5.50 which would also represent a 50% retracement of the 2017 rally.
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