APA 1.55% $2.23 asia pacific fund (ns)

ETF technicals and opportunity for pullback entry

  1. 1,609 Posts.
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    ASIA - ETF which has performed very well over the past six months. With the pullback expected tomorrow there is an area of a major confluence. Trendline, 55MA & support line at $7.17ish. If you feel the pullback is going to be stronger and deeper there is another area of confluence with the 200MA & support line at $6.38. I feel with three separate support mechanisms $7.17 is likely to hold and be an excellent entry point. Stop just under $7 as there is a minor high at $7.05.https://hotcopper.com.au/data/attachments/1959/1959645-4e6a58f613ed28916086fec45402446e.jpg
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