This is a pretty incredible inverse head and shoulders trend continuation pattern.
Interestingly enough, APPN had a similar pattern from January 2018 through August 2019, where it finally broke out, producing a profit in excess of 45% from the breakout point to the high:
Keep an eye out for a possible false breakdown. The best trades tend to run and never look...
Hey traders, APPIAN CORPORATION is in a historic moment we may have to deal with a new high in its history. It is in a fake bearish move with an aborted buyer's attempt and a large volume of past buying. In the MULTI FRAME 15 5 Min was forced to collapse to go to the next low point and start on its climb. Great potential to breakout the stabilization zone to reach...
Watch for break above $63 to confirm Wave 3, according to the Harmonic Elliot Wave theory. Either trade short term in Wave 3 or wait for corrective wave 4 pullback to accumulate before riding Wave 5 up.
High 27% short interest
Appian Corp. provides business process management (BPM) solutions. Its BPM tools automate and measures business processes. The firm's products include BPM software, case management, mobile application development, and platform-as-a-service. The company was founded by Matt Calkins, Robert C. Kramer, Marc Wilson, and Michael Beckley in...
Keep watching APPN, if the price breaches the high of the W($41 mark) with heavy volume than there is potential that it will cross $50 and may reach up to $54.
