Description of Chart:
I have gone out to the weekly chart on APD. As you can see we are starting to see a decrease in upside momentum from the way the last few weekly candles have formed (some sort of topping pattern and possible change in momentum) if you take a look at the monthly chart you also see the same thing forming. My ultimate target is back to the 2009 level around 105.50. This is a very big target so feel free to manage at any of the red lines (previous support and resistance levels).
Website: www.lukelehepuu.com
Take a look at my website. If you ever have any questions about trading you can become a member to get access to the live trading room where we talk trading 24 hours of the day, even the weekends (some of us just love trading that much)
I have gone out to the weekly chart on APD. As you can see we are starting to see a decrease in upside momentum from the way the last few weekly candles have formed (some sort of topping pattern and possible change in momentum) if you take a look at the monthly chart you also see the same thing forming. My ultimate target is back to the 2009 level around 105.50. This is a very big target so feel free to manage at any of the red lines (previous support and resistance levels).
Website: www.lukelehepuu.com
Take a look at my website. If you ever have any questions about trading you can become a member to get access to the live trading room where we talk trading 24 hours of the day, even the weekends (some of us just love trading that much)