APPS trade ideas
APPS: Buy at $29.66 Profit Target at $88.68 HTF PatternThis stock is on a rampage. It has formed an high tight flag (HTF) after flag. It is looking like it will be forming another flag pretty soon. For more information on the flag you can read the IBD article below
www.investors.com
This pole would be given about 1-2 more weeks to see if it works out to the upside. This is different from what I have drawn because shapes on a chart is an art. It is really hard to know but can only statistically guess what might happen next. That is why you always have to pay to the market now and not the one a month or two ago. A big plus is that 5% of the stock is changing hands everyday and the price was up 3% last week versus down 4% last week even after a 700% run up since the March bottom. Their insitutional ownership is great and has been steadily increase in the past year although no tiptop funds have reported yet. Below is fund ownership, sales and yearly EPS
Number of Funds owned
Sep-19 189
Dec-19 238
Mar-20 235
Jun-20 275
Sales
Sep-19 +38%
Dec-19 +18%
Mar-20 +45%
Jun-20 +93%
Yearly EPS
2018 -0.05
2019 0.08
2020 0.2
2021 0.45
2022 0.58
This is a stock to be put on your watch list but as always watch out for the market condition to make sure the bears aren't taking over.
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
$APPS Could this be the next Monster Stock?As you can see by the notes on my chart I have built a small position in $APPS. They have great fundamentals and look how it's held up during the market sell-off. I like how it seems to be consolidating here. On any break to new highs I will keep pyramiding into what I think could be a monster move... all TBD. This one is worthy of anyone's watch list. Ideas, not investing / trading advice.
APPS - breaking OUTAPPS is breaking out of its parallel channel; with a 10% move; while the technology keeps going down.
I have not seen any news that could create this move today.
Intraday volume has been above average by 70%. (tool being patented by Schwab)
RSI is oversold, but as we saw earlier, APPS doesn't mind reaching 90 level. Looking for a strong close today to enter a small position.
