1APPS trade ideas
APPS |LONG | Hammer Daily and 2D and 3D Candle StickNASDAQ:APPS
APPS possible scenario for following week 10/26 to 10/31. it goes to ~42 before earning or after earning. then a double top will be formed. I analyzed the monthly candle stick. There is a possibility of huge correction after earning. be cautions.
This is not a financial advise, It's my idea and could be wrong
APPS Reversal PlayQuick Play to start the Sunday off
APPS LONG
Bounced off of major support. Bullish on multiple time frames. Since I mainly use 1d it had a bullish Harami (reversal indicator). Three outside up on the 4h, also bullish.
PT1 35.5
PT2 36.75
PT3 38.15
SL 32.8/32
Contracts
11/20 30/35c bull spread. Should be around 2.5
or (riskier play)
11/20 35/40c bull spread. Should be around 1.5
This is a reversal play so once you see decent greens just close it and leave runners if you want.
DIGITAL TURBINE is in now BUY Situation Hey guys, DIGITAL TURBINE is at a very important moment in its history, we can witness a new historical high. It is in a fake bearish configuration with an inverted hammer candle and stable buy volume during the session. In the 1 Min TIMEFRAME we can see a bull line, which tells us that we will stay in the current trend. Great possibility of breaking out the stabilization zone to arrive in another and achieve a new historic high. Then make its new resistance and a price fixing will be done again.
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Long APPS (Investment Purposes)US Stock market looks to have found a footing and the head and shoulders on the DOW appears to not be following-through indicating a "fish-hook" trend continuation signal.
APPS showed tremendous strength during the correction and BROKE OUT on elevated volume during September's general market weakness. The EPS growth of the company has been tremendous and it is profitable.
Buy APPS at market (~$31)
Stop at $25.35 - $5.65 Risk
Investment First Target of $60 - $29 Profit
Risk-Reward of 5.4x