APLD: Momentum Confirms Triangle BreakoutAPLD - CURRENT PRICE : 37.68
APLD Breaks Symmetrical Triangle – Momentum Confirms Trend Continuation
Applied Digital Corporation (APLD) continues to trade within a strong long-term uptrend, with price holding well above the rising EMA 200 , signaling sustained institutional support and a structurally bullish market environment.
From a price-structure perspective, APLD has broken out of a bullish symmetrical triangle , supported by clear volume expansion, confirming genuine buying interest rather than a false breakout. This pattern reflects a period of healthy consolidation before trend continuation, with price now attempting to resume its prior upside trajectory.
Momentum further reinforces the bullish setup. The three highlighted green vertical lines mark previous instances where RSI crossed above 70, and in each case, price continued to rise afterward, demonstrating that overbought readings in this stock have historically acted as trend-confirmation signals rather than reversal warnings. RSI has once again moved above 70, aligning with the current breakout and strengthening the case for continued upside.
Based on the technical structure, the first upside target is $47, while the second target at $58 represents the x-to-x measured move of the symmetrical triangle . On the downside, $28 remains the key support and invalidation level. As long as price holds above this level and the EMA 200, the technical bias remains firmly bullish, with pullbacks viewed as opportunities within an ongoing uptrend.
ENTRY PRICE : 35.00 - 37.68
FIRST TARGET : 47.00
SECOND TARGET : 58.00
SUPPORT : 28.00
Notes : On 09 Jan 2026, major Wall Street analysts update their ratings for Applied Digital Corporation (APLD), with price targets ranging from $40 to $58. (Source: moomoo)
