NASDAQ:APPN looks poised to move lower. This is a heavy amount of momentum carrying this stock. Unless the broader indicies like AMEX:IWM bottom out, I expect more pain here. Good luck traders!
I have had my eyes on NASDAQ:APPN for sometime now waiting for a breakout past the upper area of resistance. Hasn't happened. Now it looks like it is running into 2 possible support areas where it "may" reverse and head back to the upper range and maybe even breakout. I don't know.
having said that, I will be looking for a reversal trade in the next few days....
Bismillahirrahmanirrahiim
Based on the structure of chart itself, there are several things that support my judgement
1. Strong intact Uptrend on D1
2. Price retrace to Lower BB which is confluence with RBS
3. Build Up Volume
4. Candlestick Compression Signal
5. Divergence appeared on Weekly
My target is based on Fibo Extension which reward R4. Inshaa ALLAH
APPN LONG
Would like to see a solid close above 50.50 on the daily chart
If so, next target is previous high around 54.
Next target for TP is around 64.
NASDAQ:APPN Looks like it broke out today on about 20% higher volume than the last 10-day average. It was not a Pocket Pivot as the volume did not exceed the highest down volume in the last 10 days. However, there have been 2 Pocket Pivots Since the Earnings announcement on May 9th. I missed this 9 ½% move today and I think it may be extended. I will be looking...
As with most stories, they have a beginning that is rarely noticed, but to the keen eye one can envision a bold tale. Within in this tale lies a beaten down hero, who nearing its last breath finds new hope. This hero has lost its shine, but if one looks closely enough they can see some bullish hopes engulfing the shadow of doubt that has been recently been cast...
The action is in an interesting "position". Naturally, there is no guarantee that there will be a rebound from the slope, so it may be better to wait for the blue level.
One problem is that the company is unprofitable, with even higher rates can be a serious problem for growth and cause a decline to red values. In this case, the red marking is probably...
Conviction: 3/5
could drop to support (June 2018)
General Thesis
weekly RSI hovering around oversold levels, and showing potential double bottom
Currently hovering around resistance/support line established in August 2019
Using Elliott Wave Theory this could be end of wave C, although better to wait for confirmation (1-2)
Growth
Gross margins...
January 7, 2022 NASDAQ: APPN Target: $ 97.10 Tp: 1
Please like and comment if you like my ideas. THANKS!!!
Please note that this information is not a buy or sell recommendation. It should only be used for educational purposes.
January 7, 2022
Active trade: still valid today. look for a small withdrawal and buy, with a stop below yesterday's minimum level
APPN might have finished a (iv) wave and could be making a (5) to the upside towards 400.48$. Seems that price found support on the upper trendline from the channel we started on 2018 and already touched the 50% Fib retracement. This set up will hold as long as price doesn't retrace below 76,97$ before making a new high.
APPN above its weekly 20MA and Daily 200MA. I expect it to move higher into July. Don't let the fade down fake-out scare you. Scale in small and fully your position on confirmation.
