Applied Digital has confirmed a multi-year symmetrical triangle breakout on the weekly chart, marked by immense volume and a clean breakout above long-term downtrend resistance. The base of the triangle spans several years, with consistent higher lows forming a solid support line.
🔺 Breakout Volume: Massive volume surge confirms strong institutional or speculative buying interest.
🟠 Heavy Resistance: $28.60 identified as the next major challenge before a full trend expansion.
🧠 Measured Move Target: Triangle projection suggests potential upside toward $140.00 , a 3,000%+ move from the breakout zone.
🟨 Support Zones: $11.00 (area of demand) and $4.50 (triangle confirmation level) now act as strong support.
APLD is showing early-stage parabolic potential after confirming a multi-year consolidation breakout. With strong volume, bullish structure, and long-term accumulation patterns, it now targets a multi-bagger move.
A pullback to $11.00 would offer a high-conviction re-entry zone.
🔺 Breakout Volume: Massive volume surge confirms strong institutional or speculative buying interest.
🟠 Heavy Resistance: $28.60 identified as the next major challenge before a full trend expansion.
🧠 Measured Move Target: Triangle projection suggests potential upside toward $140.00 , a 3,000%+ move from the breakout zone.
🟨 Support Zones: $11.00 (area of demand) and $4.50 (triangle confirmation level) now act as strong support.
APLD is showing early-stage parabolic potential after confirming a multi-year consolidation breakout. With strong volume, bullish structure, and long-term accumulation patterns, it now targets a multi-bagger move.
A pullback to $11.00 would offer a high-conviction re-entry zone.
Trade active
Current Price is where you want to enter .
A weekly close below $8.00 would invalidate scenario
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.