APLD stock surged after Nvidia's earnings. While fundamentally its a great growth story, technically, we are seeing divergence on weekly charts, making the current price move unsustainable.
Around 33$ mark is where we have the demand zone along with being the 0.5 fib levels of the move since March bottom.
Wait for retracement before entering.
Around 33$ mark is where we have the demand zone along with being the 0.5 fib levels of the move since March bottom.
Wait for retracement before entering.
Trade active
Quick retracement for the stock begins. Will be a good point to enter longs after 7-8 trading days.Trade closed: target reached
Might not reach my marked zone as divergences have started appearing and elliot waves look complete. Good time to start building longs. Closing this trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.