APPN breakout today, if momentum continues we are likely to test 275 level very soon
APPN looks great as it consolidates on the 10-day moving average. This stock was a beast in November but has gone quiet recently. Really nice risk/reward if we get a breakout before earnings.
chose this one today mainly because of the nutty volatility but with the caveat that i'm not going to go with the algorithmically generated stoploss, instead setting it at the cloud bottom. I'm not about risking a -23% trade lol
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...
APPN approaching previous resistance. Tracking for entry opportunity. Will either form new support or get rejected down to previous support with a 10% pull back.
$APPN Testing out this theory. $APPN levels work out almost exactly with the Fib Retracement tool wave 1 and 2. Testing the fib timeline tool for wave 3 which indicates slightly higher before entering wave 4 retracement back to $113.60 buy-zone in mid-late December. "I'm not an expert but I have watched a number of youtube videos" NASDAQ:APPN
APPN software and organization - up 46% from march we will break down from here to fill the gap and retrace to the .618 or .786
This is a pretty incredible inverse head and shoulders trend continuation pattern. Interestingly enough, APPN had a similar pattern from January 2018 through August 2019, where it finally broke out, producing a profit in excess of 45% from the breakout point to the high: Keep an eye out for a possible false breakdown. The best trades tend to run and never look...
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.