$Apps - Reversal IncomingAfter a May downtrend which saw it a large amount of selling. A late May reversal opportunity has developed which could potentially lead to $APPS breaking out of its downtrend channel.
APPS trade ideas
APPS setting up for hourly breakout over 63.5Size small until breakout is triggered above 63.5.
Also watch VIX as spike can derail this plan.
Risk is channel breakdown or 57 area.
APPS $90 by the end of MAY I have a position and not encouraging you to do the same. Do your own Due Diligence.
APPS Failed Triangle but running on Long Trend lineApps failed to complete the triangle and broke below the lower trend line of it. It has bounced off a Long Term Trend Line(Blue) in an uneasy market. That is it's support to regain it's entry into it's Parallel Channel. With their huge revenues, profit margins, earnings beats, huge growth, and ever growing Digital Advert demand they are still one of my favorite growth stocks.
APPS is expected to move upAPPS is in an upward moving channel. If it can hold, it will test the "first resistance". There is some good potential in this stock.
APPS - Further strength ahead for the QuarterDigital Turbine Inc.
Digital Turbine Inc. offers products and solutions for mobile operators, device OEMs and third parties. The company's product include DT Ignite(TM), a mobile device management solution with targeted app distribution capabilities, DT IQ(TM), a customized user experience and app discovery tool, DT Marketplace(TM), an application and content store and DT Pay(TM), a content management and mobile payment solution. It operates primarily in Berlin, Singapore and Sydney. Digital Turbine, Inc., formerly known as Mandalay Digital Group, Inc., is headquartered in Austin, Texas.
Analysis/Commentary
Really strong EPS and Sales Growth Y-on-Y
Based on the study of the previous quarterly earnings reports and subsequent price moves:
- Current quarter has given price move to the LOW point as support now climbing
- Expectation for the price to move to MID or HIGH point
- Trailing stop-loss on price above MID point
GOOD LUCK.
DO YOUR OWN RESEARCH!
Bear FlagAPPS looks like it could be forming a bear flag, looking for a break in either direction. If it is in the southernly direction, looking for a target of 55.
$APPS Consolidating within a RangeApps will likely keep consolidating within this range and then breakout once it pinches at the end. Who knows.
APPS Bullish Cypher Weekly ChartAPPS (Digital Turbine) Bullish Cypher Weekly Chart TP 1 - $77, TP 2, $83.50 SL 61.5 around 1-2 risk to reward. THis is for educational purposes and not for trading. Thoughts?
What's the next move for APPS? Following a year of unbelievable returns, perhaps we're now seeing the anticipated correction. Yesterdays market-wide selloff expressed as a symmetric triangle breakdown in the APPS daily chart. More losses followed today. Two-fold support from the MA100 and at 68.70 currently. Freshman price target from the triangle is near 33.20, which could sting. Or maybe it will bounce and give us another 1400%.
I'm long on APPS. It was a tough graphIt took me a while to graph what I thought was going on here. The angle changed, and the volume changed after february. But the support level where the same. It is as if someone pushed the turbine button on after Feb. Anyhow, and If we are holding options for the 20th of May, then I think that a good exit is in 20 days because it's the average time of each peak.
As always, like if you agree and/or comment.
NASDAQ:APPS
As always, not financial advice, just sharing.
APPS - This is my buy point76.63 is my target point to buy back. It is near the bottom of the Symmetrical Triangle. This is where a major support line is and it is at near the bottom of the lower trend line.
Hitting major support, will it hold?APPS is hitting a major support line today which could be a nice entry point for a long up to 90ish, however if this trendline doesn't hold.. look out below.
Breaking down from channel.APPS is breaking down from it's price channel and looks to be heading down to a more major support trendline.
Keep an eye on this price channel.APPS keeps getting rejected off the upper bold blue trendline but also trading within a nice little channel. IF the bottom of the channel fails to hold a nice entry point could be the bottom bold blue trendline (78 - 80) which is longer term support.
