APPN trade ideas
APPN: 453%+ Wave #3 (Long Term Analysis)Wave #3 targets do not fit on screen. Should see mid/longer-term sideways action in this triangle ($25-$45 Range) until the eventual breakout. 60% move would bring us to the top of the consolidation pattern. A breakout of this pattern will bring in massive gain.
Breakout Targets: T1 $60, T2: $100. T3: $125
APPN Long after earnings APPN looks like it wants to consolidate at these levels for a while, I started 1/5 of a position, once I have confirmation of a break higher (>34) I will add with the intention of selling covered calls near the highs- if we get there. I think that earnings was really positive, the huge increases in revenue and specifically large contracts that they have been able to acquire from fortune 500 companies and the repeat business is a testament to how valuable their services are.