APP breaking out of IPO base* High relative strength
* Breaking out of IPO base with slightly higher volume than average
* May consolidate and use $90 as support before moving higher.
0ADE trade ideas
APP Breakout imminent APPLovin looks ready for new highs !
Look out to break over 90.03 and then make that move towards 120$ / share.
4-10-21 IPO Base with Higher SupportThis stock has shown lots of strength over the past weeks despite the market being shitty. Can 2x easily with this strong support.
$APP 3 Months Cup with HandleNot seeing a whole lot to share tonight but $APP is one worth sharing.
3 months cup with handle
volume pattern looks strong. Would love to see couple of quite days right around the top of of the handle or even one more shake out before the breakout
APPThe possibility of long over the sliding ones. From the blue line to one of the green lines. There is an alternative and growth within ALT
Applovin Corp: Rallied 5.9%, Now Back To EntryMy buy/long idea on Applovin Corp saw a rally of 5.9% before retracing (now back to target range).
The high was $69.67, with the target range being 71.00/71.80.
With the Nasdaq looking wobbly at these highs (we discussed this yesterday) it may be best to exit the trade if you took it and are still involved.
Trade Idea Status: Closed.
Trade Setup: Buy Applovin CorpCurrent: $65.76
Buy range: 65.20/65.95
Stop: 63.20
Target Range: 71.00/71.80
AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps worldwide.
Market Cap: $23bn
Ave Volume: 1.3m shares per day
APP oversoldThe chart shows very oversold over the bigger time frame. I assume the correction is done and we could change into the next bull run.
Risk/Reward looks good, estimated entry and stop loss drawn in the chart.
$APP is giving a GREAT IPO SHORT opportunity todayIPO intraday trading strategy idea
AppLovin provides tools for mobile app and game developers.
The share price is falling and gonna continue this trend today.
The demand for shares of the company still looks lower than the supply.
These and other conditions can cause a fall in the share price today.
So I opened a short position from $69,10;
stop-loss — $73,50
take-profit — $56,00/MOC price
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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