Staircase pattern should have brought the second leg up to $300. Oversell because of the weak market should result in overbought territory as drawn in the green triangles . - Be cautious for more downside due to the markets rolling over, further downside can destroy this Technical Analysis
APPN is forming a pennant, which is considered a continuation pattern. Volume has weakened throughout the pennant, which is in line with the formation. If there is a breakout to the upside, the move should be at least 1/2 the length of the flagpole, which means we would probably revisit ATH. This doesn't need to happen overnight (and doesn't need to happen at all...
this graph shows everything better. possible testing $44 before going to the $33 low. good for options but SHORT-TERM. not ready for long term yet.