Air Products Stock Rebounds to $315 as Traders Eye $320 Test

Air Products and Chemicals (BATS:APD) has bounced back to $315.18 after a sharp reversal from roughly $324 briefly pushed the stock below $303.18, according to chart analysis published by TradingView contributor DL_INVEST, private investor Laurent.

The selloff was specific in its depth. The stock broke under $303.18, which marks the 78.6% Fibonacci retracement of the latest upswing, before buyers stepped back in. That level now serves as the reference point for how far the correction actually went. The subsequent rebound reclaimed the 38.2% retracement at $313.88 and lifted the price into the prior breakout area around $315.

The numbers tell a clean story: a swing from roughly $324 down through $303.18, then a recovery to $315.18. Laurent's read is that the reclaim of $313.88 matters more than the bounce itself, because it restores the structure the upswing had before the reversal.

Why is $320 the level to watch?

Laurent frames the next resistance at $320 as the pivot for the entire rebound. His conditions are precise:

• Bullish path: If APD holds the $313.88–$315 zone on a pullback, $320 becomes the next resistance. A daily close above $320, followed by a successful retest, would put the recent high near $324 back in play.
• Warning signal: An intraday move through $320 that ends with a close back below it would signal that sellers are still defending the level.

The distinction between an intraday breakout and a confirmed daily close is doing real work here. Laurent treats the close as the verdict and the intraday move as noise until it holds.

What happens if the rebound stalls?

The downside map is equally specific. A daily close back below $313.88 would weaken the recovery, Laurent writes, and bring two supports back into focus:

• $310.76 and $307.63, the first layers of support below the reclaimed retracement level.
• $305.33 and $303.18, which include the 78.6% Fibonacci level the stock briefly breached during the reversal.

Below $307.63, Laurent says he would watch $305.33 and $303.18 first, followed by the daily fair value gap in the $297–$298 range — the deepest support he identifies on the chart.

What is the trader's near-term bias?

"My near-term bias is constructive while $313.88 holds," Laurent states. That single line anchors the whole setup: the 38.2% Fibonacci level at $313.88 is the line between a healthy pullback and a failed rebound.

"The reaction at $320 will determine whether the rebound has enough follow-through to challenge the recent high," he adds, pointing to the recent high near $324 as the ceiling the recovery needs to prove it can reach.

The analysis carries a standard disclaimer: it is for informational purposes only and does not constitute investment advice. Laurent publishes under the DL INVEST banner as a TradingView community leader.

For APD watchers, the practical checklist is short. Hold $313.88, watch how price behaves at $320, and treat a close above it as the trigger for a run at $324.