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.
APP trade ideas
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.
applovin corporation has faced resistanceThe price chart has encountered a strong resistance zone that may cause the price to stall for a few days.
But it will continue with a price increase again.
APP | Oversold Bounce In Order | LONGAppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; Adjust, an analytics platform that helps marketers grow their mobile apps with solutions for measuring, optimizing campaigns, and protecting user data; and MAX, an in-app bidding software that optimizes the value of an app's advertising inventory by running a real-time competitive auction. Its business clients include various advertisers, publishers, internet platforms, and others. The company was incorporated in 2011 and is headquartered in Palo Alto, California.
no signs of support app in a bearish downtrend so my targets are 33.16-24.79 for now, but a break past local/trend resistance can send it on a bull rally mode.
APP Potential Spring - Waiting for backtestEyeballing APP here. On the daily we have three drives of classic bullish divergence on the MACD indicating price action reversal. So far, the price has indeed rallied. If APP can successfully backtest that $49.86 previous all-time low close here in late march, then I'll take a long with the chance for a very nice April/May return.
Also, the sellers failed to push the price down to the bottom of that descending channel. Further signalling a greater chance of a reversal and eventual breakout to the upside.
Entry: None yet, need a successful backtest of the spring.
$APP Pulling back to base support$APP back at important level and testing 50 MA for the 1st time after its most recent base breakout.
Obviously needs the market to stabilize. If we do, this is sitting in a good spot to sprint. Wait for price to make the turn.
APP - Price Target $120Big breakout from 5-month consolidation channel and Ascending Triangle. Anytime we get a breakout from consolidation channels like this, we want to measure the high and low of the channel and add that measured distance to the top of the channel. The implied move here is $120.
APP breaking out of IPO base* High relative strength
* Breaking out of IPO base with slightly higher volume than average
* May consolidate and use $90 as support before moving higher.
APP Breakout imminent APPLovin looks ready for new highs !
Look out to break over 90.03 and then make that move towards 120$ / share.
4-10-21 IPO Base with Higher SupportThis stock has shown lots of strength over the past weeks despite the market being shitty. Can 2x easily with this strong support.
$APP 3 Months Cup with HandleNot seeing a whole lot to share tonight but $APP is one worth sharing.
3 months cup with handle
volume pattern looks strong. Would love to see couple of quite days right around the top of of the handle or even one more shake out before the breakout
APPThe possibility of long over the sliding ones. From the blue line to one of the green lines. There is an alternative and growth within ALT
Applovin Corp: Rallied 5.9%, Now Back To EntryMy buy/long idea on Applovin Corp saw a rally of 5.9% before retracing (now back to target range).
The high was $69.67, with the target range being 71.00/71.80.
With the Nasdaq looking wobbly at these highs (we discussed this yesterday) it may be best to exit the trade if you took it and are still involved.
Trade Idea Status: Closed.
Trade Setup: Buy Applovin CorpCurrent: $65.76
Buy range: 65.20/65.95
Stop: 63.20
Target Range: 71.00/71.80
AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps worldwide.
Market Cap: $23bn
Ave Volume: 1.3m shares per day
APP oversoldThe chart shows very oversold over the bigger time frame. I assume the correction is done and we could change into the next bull run.
Risk/Reward looks good, estimated entry and stop loss drawn in the chart.
$APP is giving a GREAT IPO SHORT opportunity todayIPO intraday trading strategy idea
AppLovin provides tools for mobile app and game developers.
The share price is falling and gonna continue this trend today.
The demand for shares of the company still looks lower than the supply.
These and other conditions can cause a fall in the share price today.
So I opened a short position from $69,10;
stop-loss — $73,50
take-profit — $56,00/MOC price
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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