Applied Therapeutics is an uptrending biotechnology company that has earnings in prior quarters and is heading into another earnings report about may 11th. The run up in price cction is largely on the proposition of future growth much like TSLA back in the day. On the chart besides the obvious uptrend, the volume indicator shows a dramatic volume surge...
The stock is trading below book value. The chart hit the bottom already and showing signs for big reversal.has a gap to fill at 9$ and 0.61 fib level to test at 16$. Was trading at range of 21$ and higher just 6 months ago. Low float with majority held by institutions. Any big news can take it easily no brainer investment.
Price seems to be accumulated between 21.5-21.9. Try going long as close to 21.5 as possible with a tight stop of 10-20c. If price dops look for a better re-entry.
- Retesting trendline after accumulation breakout - good opp to buy long for 100% upside - upside momentum building
long on a break of 25, with sl at 22 price target 36 in 2021! great risk reward here, history tells us the top trendline should be tested in the near future! goodluck to longs :) leave comments/questions below! and dont forget to like my posts if you found t helpful !
This looks like a nice bootoming pattern to me, maybe it's time to slowly get in
Applied Therapeutics - attempting to base with an inverse H&S. Regained the 50-EMA + MACD back above zero. +$24.73 takes us to the 200-day at $30.
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Strong market, strong XBI, weak APLT. I believe this can be the beginning of the reversal back to reality for this stock back to $40 or lower. *Speculation burns **Short
The data is positive, but seems like an overreaction for a small and early stage trial. Watching the chart and will enter a short in the future, at what level is difficult to say. I like the gaps down, however it is more likely to bleed lower versus dramatically dropping. XBI is nearing all time highs, this is a high beta stock, so the correlation will not be great.