APT has just blasted through that short zone (red box) in last few days. All secondary to Tencent bought at 5% stake. Will it keep going up or is this a 'sell the news' scenario? Honestly I've been trying to get in at a good level for a while now and do believe in the fundamentals underlying APT, but you can't FOMO buy levels like this. Also I'm a little wary about Tencent taking a stake as the republicans in America are essentially trying to outlaw them from doing any business in the states. Will this affect the overall push into America? Who knows, but something to think about.
I'll be watching this chart closely and will let you all know if I go long or short in the future.
I'll be watching this chart closely and will let you all know if I go long or short in the future.