APPS went through a 50% correction from the last high and even closed the gap from august 31st.
If we see a bounce in the tech market I would think that APPS might perform very well. This is NOT a longterm hold and investment at the moment, just a swing trade, so strict profit taking is advised!
Buy In: Now Stop Loss: we literally pick the bottom here, so the stop has to be the low of the last candle at around 46$ Take profits like you see them in the chart
Trade closed: target reached
⋅
I actually got stopped out right after the open yesterday, I picked the stop too close, but i right away bought back in @ 47.61 and just took some profits in the 57's. Im planning to build the position up again, when see a bit of a retrace, APPS will be one of my big picks for a potential christmas rallye, it ran before, and aparently it's ready to run again, if sentiment flips to bullish!
I actually got stopped out right after the open yesterday, I picked the stop too close, but i right away bought back in @ 47.61 and just took some profits in the 57's. Im planning to build the position up again, when see a bit of a retrace, APPS will be one of my big picks for a potential christmas rallye, it ran before, and aparently it's ready to run again, if sentiment flips to bullish!