APLD - LONG TERM ACCUMULATIONI realize these guys financials are trash, But I really like the business model, This is a long term hold for me as I believe Data is the next gold rush.
Not worried about the lawsuits, those guys throw them around left and right, the accusations don't seem too worrisome.
My key buy areas are the LVNs, $2.90-$3.00 Area, here.... Depending on earnings ill make my decision to buy.
If we drop below, we can see $1.90 area LVN, Id LOVE to pick a bag up there.
Continuing to watch developments.
1APLD trade ideas
APLD - LONG
APLD operates in the high-demand sectors of AI cloud services and next-generation data centers, benefiting from key trends in artificial intelligence and digital infrastructure. The company's strategy involves renting out data center space crucial for AI development, rather than creating AI algorithms itself. This approach has led to significant revenue growth, with a 242% increase last year and an expected 341% this year. APLD is positioned for substantial growth, leveraging the AI and Bitcoin industries, and is currently viewed as undervalued by the market. With all the talk about the Bitcoin Halving, this seems like a great opportunity.
The stock is at a crucial support level, indicating a potential investment opportunity. We could really trade down to 3,.90 area LVN, but ill take my chances here, Average down if we see lower. we Break below 3.80 LVN, we could trade all the way down to 2.82 area, lets home not.
APLD Analysis: Potential Breakout AheadIntroduction:
Greetings traders! Today, I would like to share an analysis of Applied Digital (APLD), highlighting a potential breakout scenario. APLD is currently trading at $9.80, facing resistance on the daily chart between $10.50 and $11. Join me as we examine this horizontal channel and explore the possibility of a breakout, keeping in mind the need for a cautious approach. Our next daily resistance level stands at approximately $15.
Chart Analysis:
Upon examining the APLD chart, we can identify a well-defined horizontal channel that has formed between $10.50 and $11. This range has served as a strong barrier to further upside movement, causing multiple rejections in recent trading sessions. It is crucial to approach this potential breakout scenario with caution and consider additional factors before drawing conclusions.
Technical Indicators:
While the horizontal channel suggests the possibility of a breakout, we must analyze various technical indicators to gain a comprehensive perspective on APLD's potential trajectory. Currently, the Relative Strength Index (RSI) hovers around 55, indicating a relatively balanced state between buying and selling pressures. It implies that there might be room for upside momentum if buyers enter the market.
Additionally, it is essential to consider volume analysis. In recent consolidation phases within the resistance zone, there has been a notable increase in buying volume. This surge in volume could indicate growing interest and potential accumulation, supporting the likelihood of a breakout.
Breakout Scenario and Caution:
Considering the factors mentioned above, we need to exercise caution despite the potential breakout scenario. While the indicators suggest bullish possibilities, it is crucial to wait for confirmation before assuming the breakout will occur. Traders should closely monitor price action and volume trends, seeking decisive moves above the resistance zone to validate the breakout.
Conclusion:
In conclusion, Applied Digital (APLD) shows potential for a breakout beyond the resistance zone between $10.50 and $11. However, it is crucial to approach this scenario with caution and wait for confirmation. Keep a close eye on price action, volume trends, and any significant catalysts that may impact APLD's price movement. Remember, trading decisions should be based on careful analysis and risk management.
News:
7/1: Applied Digital Stock Surges 12% After Announcing Its Third AI Deal:
www.coindesk.com
6/30: Applied Digital Announces Strategic Collaboration with Hewlett Packard Enterprise to Deliver AI Cloud Services:
finance.yahoo.com
APLD looking okaynot the worst scenes here on the blockchain space. all of these stocks seem to follow the market as a whole, with the push towards cbdc these stocks could really take off again in the future. would keep your head up and be careful since theres significant risk however the upside is huge.
APLD Bull move in the coming weeks for 10%+Most recent news - finance.yahoo.com
APLD is one that seems to follow BTC. However I do see that it has its own technical moves that is worth paying attention to. I have marked levels of support on my chart there with interest in taking a position at the break of $2.50. The late trading day and AH movement today looked promising so I will be keeping an eye on this over the next coming days. I will size my position depending on how bullish I feel in the coming days. A break above $3 would be an absolute beautiful ting to see happen. (Not financial Advice)
Applied Blockchain - What is going on? Up 100% in a day!Yesterday, one particular company caught our attention. As of yet, we do think anything particular of it; however, a staggering move of more than 100% within a matter of hours is definitely mind-blowing and exciting to watch. Moreover, a massive explosion in volume accompanied the price action, which elevated the stock to a July high. As a result, we will monitor the title in the short-term future.
Illustration 1.01
Within 24 hours, the stock doubled in price.
Illustration 1.02
Within the past six days, the stock is up more than 150%.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.