Long

$APPN - Target

Updated

Mapping out a target for APPN. The wave counts seem straight forward but the forecast is challenging especially with the fear of a looming correction.

The RSI seems to align with a wave 4 but the MACD and engulfing candle suggest a continuation of wave 3. Technicals and Oscillators have the same conflict.

Price is above nicely aligned EMA’s and Vol profile can provide support. Possible C/H in progress.

Trade closed: target reached

Note

Handle forming - looking for second target.

Note

reports earnings Thursday 2/18 after close.

jonwayne02

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