APLS Possible Breakout Bullish Pennant Breakout Target = 36 This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice. Good luck, happy trading and stay chill, 2degreez
APLS has broken out from a downward sloping bull flag that is quite spread, this has caused a large gain, and a possible formation of a new uptrend. Gaussian channel can be seen to be rising fast. Other chart patterns include a wedge, a double top and a bear flag.
After breaking-out in early Spring (March), APELLIS PHARMACEUTICALS INC - NASDAQ:APLS has been building-out its right side in a prolonged base and presently finds itself nearing a potential move that may just catapult the stock into higher ground as evidenced in the Daily chart above. While further work is required, APLS presently trades above all of its...
Watching for potential bounce trade if this hits support
APLS had been consolidating near 13-14 before breaking out. Now it has broken its resistance at 19.09 and looks like its ready to head higher. Notice the bullish engulfing candle on 3/7 which also filled the gap.