Positional Opportunity in Aptus

Go Long @ 304.15 for a Target of 382.6 with SL 278

Reasons to go Long :

1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level.

2. Besides, a bullish candlestick pattern Bullish Hammer (marked with orange) is formed around the 0.618 Fibonacci level.

3. Also there is a strong Trendline (marked with green color) which supports the stock.