AAP trendline breakdown , US Stock tl breakdown possible 78.50 below
77/73 /70/65 can test soon
21 ema below close yesterday
APP trade ideas
Another gift for my group Hellooo
Yes, I say "Gift" because I know and I have experienced that how a true investment can change your account balance.
Please consider all risks and money management. I just try to share all I have in my watch list with you that might be useful for your trades.
Maybe you as yourself why I do this.
I do not any intension for the future and I just enjoy to share what I have (if it is profitable) because in my first days of trading there was no one help me or guide me and all people I knew tried to take money from me.
I really love to get your ideas and share what you think about my works.
Thanks
APP ContinuationAPP daily pullback is looking very constructive. We've also received a mean reversion signal to the upside on the intraday chart.
AppLovin continues to outperform competitors in the ad market Mobile games and software company AppLovin Corp. has received a positive recommendation from global financial services company Macquarie. Analysts believe now may be a good time to buy AppLovin shares amid adverse investor reactions.
This was due to Apple's presentation of its AdAttributionKit program for advertising analytics. While it complies with the European Union's strict requirements for personal data treatment, it has naturally raised concerns about AppLovin's ability to purchase advertising space in App Store apps.
Macquarie believes that AdAttributionKit only updates Apple's old advertising software and does not threaten AppLovin's business. AppLovin has its Axon 2 technology, which utilises artificial intelligence (AI) algorithms to manage ad bidding. This technology still has substantial competitive advantages and can work under restrictions on personal data usage.
Let's review the technical analysis of AppLovin Corp. (NASDAQ: APP) shares to explore potential trading opportunities.
On the daily (D1) timeframe, resistance has formed at 87.95 USD, with support at 73.45 USD. The breach of the support line suggests a potential formation of a side channel. However, as long as the support level is not breached downward, there remains significant potential for further growth. In case of a downward trend, the target for the fall may be set at 66.50 USD.
If an upward trend persists and the resistance level at 87.95 USD is broken through, the short-term target could be set at 97.15 USD. In the medium term, the price may rise to 106.50 USD.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
APP LONG POSITIONCup pattern with high handle. Buy if the stock breaks above the buy line with high volume. The first buying point was on the day of the earnings announcement.
APP April 29, 2024: Resuming the UptrendNASDAQ:APP has been one of the top-performing tech stocks during the latest uptrend from the beginning of 2024.
The stock is still one of the best performing since the market fell into correction in April. At the close of April 26, NASDAQ:APP crossed up a yellow trendline as shown in the chart, moving above its MA-20 and MA-50, providing an aggressive buy point here or any pull back to its MA-20/MA-50
AppLovin stock rallies following Mobile Apps Unlocked conferenceFollowing a standout presentation at the Mobile Apps Unlocked conference in Las Vegas last week, shares of AppLovin Corp., a developer of mobile games and applications, experienced a significant uptick . The event, a gathering point for mobile app marketing professionals, witnessed AppLovin making a notable impression, leading to a series of positive endorsements from Wall Street analysts.
Central to AppLovin's business model is its innovative platform, designed to monetise programs on smartphones, TVs, and other devices capable of running applications and displaying advertisements. Additionally, AppLovin's venture into mobile game development has substantially bolstered its stature among both advertisers and application publishers.
Let's investigate potential trading opportunities by delving into the technical analysis of AppLovin Corp. (NASDAQ: APP).
The Daily (D1) timeframe reveals that a support level has solidified at 72.50 USD, while resistance is pegged at 78.30 USD. The stock is currently on a solid upward trajectory, indicating room for further growth if it breaches the resistance. Conversely, should the stock dip below the established support level, a decline to 66.20 USD could be on the horizon.
For traders looking for short-term strategies, targeting a buy with an aim for 85.70 USD could be considered. Those with a medium-term perspective might consider maintaining a long position to reach 95.60 USD.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
APP to 60$ :)An exit from shuffling on a weekly chart will take us to $60 (hopefully), trading cycles support bullish days
Buy - $45.5
First target - $60
Not a recommendation of course
NASDAQ:APP
$APP pushing higher after Powell hints of rate cuts NASDAQ:APP my favorite stock keeps shooting higher with 2nd gap up with good volumes which shows bullishness however do watch out for profit taking using after 3rd gap ups but can happen also beyond 20% for such vertical climb.
Beautiful Breakout and strong fundamentals - AppLovin NASDAQ:APP has an outstanding chart in my opinion. I've been following this stock for years now and waiting for the right time to get in. Although it's already rallied 70% YTD, the momentum this particular stock has combined with it's increasingly impressive earnings reports make it a strong buy.
They have been steadily increasing cash flow on top of accelerating earnings growth. The last 3 quarters it's beat analyst estimates and it's my personal opinion that we are in the midst of a era where web apps as well as mobile apps are being developed very rapidly, increasingly by individuals and smaller companies.
Net Income, Margins and Returns on Equity and Assets are all increasing. No wonder it's more than quadrupled since it's bottom of $9.00
Think of Streamlit, for you coders, and Snowflake's NYSE:SNOW increasing presence in owning these, and similar technologies. NASDAQ:APP is operating in a similar space and they really offer it all when it comes to building applications for your business.
The estimate revisions are surprising and look very strong going into next year.
See the Zack's Estimate Revisions below. (Current Quarter/Next Current Year/Next)
CQ NQ CY NY
Current 0.56 0.59 2.48 3.08
7 Days Ago 0.56 0.59 2.48 3.08
30 Days Ago 0.33 0.31 1.56 1.71
60 Days Ago 0.33 0.31 1.58 1.71
90 Days Ago 0.33 0.31 1.58 1.63
$APP: Amazing Strength At 60Applovin is seeing tremendous momentum through this 60 handle and we're looking for that to continue. IWM is looking strong at the moment, enough to potentially help out this rally.
I don't think is going back downHuge inverted HS and triple bottom. The SL is just for reference, I would actually buy more if it pulls back. The 45 resistance is almost penetrated and the prices is going to shoot up to 55. Earning are coming on 02/14, if the markets pulls back the price after earning I'll buy more. The inverted HS took 2 years to build up, do you really think one news is going to change it all?
APPThis Week FORECAST
Opportunity for APP. This setup trading idea is for intraday. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
Buy #APP at 45-46 . target 100 in a year Strong consolidation in #APP. buy @ 45-46.
Target 100 in a year.
stock is consolidating in this range for 6 month which shows strength
Applovin Corp Weekly SetupAPP passes the Weekly breakout criteria with high volume and good fundamentals. With a favorabel risk/reward of almost 1:7 I entered long last week and we are up but it is a still a viable setup
📊🚀 AppLovin Corporation (APP)NASDAQ:APP Anticipates robust third-quarter revenue reaching up to $800 million, showcasing healthy sequential growth from the previous quarter's $750 million. Bullish outlook suggests an entry above $38.00-$39.00, targeting upside in the $58.00-$60.00 range. 📈💼
#AppLovin #StockAnalysis 💹💰
Applovin Corporation (APP) - Rectangle BreakoutCompany info:
AppLovin enables developers of all sizes to market, monetize, analyze and publish their apps through its mobile advertising, marketing, and analytics platforms MAX, AppDiscovery, and SparkLabs. AppLovin operates Lion Studios, which works with game developers to promote and publish their mobile games.
Technical:
There has been a breakout from months of consolidation
Position:
Yesterday, I bought before the close and my stop is at 41.58
Initial target is at 53.
APP 4th Attempt at $45 Pivot Resistance BreakApp is having a 4th go at $45, a level that has acted as strong resistance since June 2022. It's also been making higher lows since October. A clear break above $45 gives it nothing but room to run to the upside. Initial target $55.
APP Wedge Breakout IdeaAPP looks to be forming a bottom off support and beginning to breakout of the downward wedge. Targets $40 all the way up to that $44 local top.
Great short setup for APPThis one has a lot of factors making it a good-looking short setup. First, you have a double top. Second, recent down days have higher volume. Finally, you have a gap down with LVNs that will likely get filled.
Finding Tech exposure via AppLovin CorporationOverview
Applovin Corporation (APP) is a stock that has shown significant price appreciation over the past three months. With a trading volume that rose to 51% of its average daily volume in the previous session and a year-to-date price movement of 115%, APP presents an attractive opportunity for investors.
Strategy
This trading idea focuses on selecting stocks that have demonstrated strong price appreciation and high trading volume. By identifying assets that have performed well in the market and are actively traded, there is a potential for substantial returns.
Logic
The core logic behind this strategy is to take advantage of the positive market sentiment surrounding APP. The stock has shown consistent growth over the past three months, indicating strong investor interest. Additionally, the increased trading volume in the previous session suggests that there is heightened activity around APP, further reinforcing its potential for growth.
Technical Outlook
It appears that Applovin (APP) is closing in on a key support level at $34.63, with the stock approximately 40 cents away from testing this level. Dropping below this support level could indicate further losses ahead, while failing to break below it may be viewed positively by bulls, with a retracement likely.
Applovin's price action is also nearing a key Bollinger Band® level of $35.27, following bearish price action and heavy selling. This could further add to the pressure on the stock.
In today's session, Applovin's downtrend continued as the stock shedded 29 cents or 0.79%. Yesterday, the stock closed at 36.44, with a range between 36.27 and $37.28, showing no clear direction.
Despite the recent downturn, Applovin has outperformed the Nasdaq by 117.91% this year and currently has a market cap of $12.67 billion. However, trading volume was 51% lower than average yesterday, indicating a lack of strong market interest.
Overall, based on technical analysis, Applovin is currently rated a 'Strong Buy' despite the bearish market mood. Investors should closely monitor the stock's movement as it approaches the key support level and Bollinger Band® level.
Other themed assets that saw positive movement yesterday include Intel, which increased to 36.50 from 35.69, ServiceNow with a 2.34% gain, and Accenture plc Class A (Ireland) with a 1.5% increase.
Conclusion
Based on the provided facts, the trading idea is to buy Applovin Corporation (APP). This asset has exhibited significant price appreciation and has attracted high trading volume, making it an attractive investment opportunity. However, it is important to note that this strategy requires a moderately short investment horizon and a high risk tolerance, as the price volatility of the stock may result in potential losses.
APP Entry, Volume, Target, StopEntry: with price above 44.89
Volume: with volume greater than 5.615M
Target: 53.30 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 44.90, 42.19 gets you 3/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
