Gap Filled, now what?
Election spending sent earnings and the stock price to extremely exaggerated valuations. Now that the stock has been pummeled, what will be the next major driver for growth for this Wall St darling? They need to watch over their shoulder as AppLovin is looking to mount a challenge.
We are approaching an area of support, along with a gap being filled at $77. I'm watching the reaction at support, not trying to catch a falling knife. If the overall market tanks, this could continue to drop like a rock. So if I do trade this, I will keep a tight stop loss.
Not financial advice, do what's best for you.
We are approaching an area of support, along with a gap being filled at $77. I'm watching the reaction at support, not trying to catch a falling knife. If the overall market tanks, this could continue to drop like a rock. So if I do trade this, I will keep a tight stop loss.
Not financial advice, do what's best for you.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.