Technical Analysis Afterpay ASX:APT (Bullish)

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Afterpay (ASX:APT) is a leading buy now pay later business in Australia. It allows customers to collect goods and make payments in 4 instalments over 6 weeks. Afterpay has been enjoying heavy growth over the past month. Active customers are up 80% compared to H1 FY20. With US and UK customers steadily growing, Afterpay is now progressing with their early stage investment into Asia.

(ASX:APT)

  • MACD line trending well above MACD (EMA) indicating a buy signal
  • Repeated three white soldier patterns indicating buy signals
  • Continued uptrend over the past month
  • Beware of forming double top pattern, look to push past $120 price to avoid this

Chart Legend

Red/Yellow – MACD

Blue – MACD (EMA)

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