APT Looking Very Overbought
- On Friday Chinese tech giant Tencent Holdings revealed it had taken a 5% – roughly $300 million stake in Afterpay.
- This has caused a massive rush to buy APT.
- Technically the stock is very overbought and is at a significant Supply Zone which also happens to be a 52w high.
- From a fundamental perspective - price is currently over analyst estimates and has a high Price / Sales of 32x. Not a great time to buy right now -could be a good time to lock in some in profits in existing positions.
- This has caused a massive rush to buy APT.
- Technically the stock is very overbought and is at a significant Supply Zone which also happens to be a 52w high.
- From a fundamental perspective - price is currently over analyst estimates and has a high Price / Sales of 32x. Not a great time to buy right now -could be a good time to lock in some in profits in existing positions.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.