Hey traders!
Let’s take a closer look at AppLovin Corp (NASDAQ: APP), which is showing some serious strength on the weekly chart.
Current Price: $466
Entry Zone: $450 – This level has acted as a solid support and could offer a great risk-reward setup.
Target 1: $540 – A key resistance level and potential short-term profit zone.
Target 2: $700 – If bullish momentum continues, this could be the next major upside target.
Catalyst to Watch:
AppLovin is rumored to be a strong candidate for S&P 500 inclusion. Such a move could trigger institutional buying, increase visibility, and act as a powerful tailwind for the stock.
Technical Setup Highlights:
Recent buy signals triggered
Momentum Ghost Machine shows increasing bullish pressure
BBSR extreme close values support a continuation of the uptrend
Add it to your watchlist and let’s see how this plays out!
Let’s take a closer look at AppLovin Corp (NASDAQ: APP), which is showing some serious strength on the weekly chart.
Current Price: $466
Entry Zone: $450 – This level has acted as a solid support and could offer a great risk-reward setup.
Target 1: $540 – A key resistance level and potential short-term profit zone.
Target 2: $700 – If bullish momentum continues, this could be the next major upside target.
Catalyst to Watch:
AppLovin is rumored to be a strong candidate for S&P 500 inclusion. Such a move could trigger institutional buying, increase visibility, and act as a powerful tailwind for the stock.
Technical Setup Highlights:
Recent buy signals triggered
Momentum Ghost Machine shows increasing bullish pressure
BBSR extreme close values support a continuation of the uptrend
Add it to your watchlist and let’s see how this plays out!
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.
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.