APPS on the moveBased off my analysis I see APPS hitting it's first PT and going on to $53 as it finishes it's wave 3 move
0A6A trade ideas
possible dip buybut id be cautious and use a tight stop. this run is due for a pullback, what goes up must come down
DIGITAL TURBINE is in now BUY Situation Hey guys, DIGITAL TURBINE is at a very important moment in its history, we can witness a new historical high. It is in a fake bearish configuration with an inverted hammer candle and stable buy volume during the session. In the 1 Min TIMEFRAME we can see a bull line, which tells us that we will stay in the current trend. Great possibility of breaking out the stabilization zone to arrive in another and achieve a new historic high. Then make its new resistance and a price fixing will be done again.
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Long APPS (Investment Purposes)US Stock market looks to have found a footing and the head and shoulders on the DOW appears to not be following-through indicating a "fish-hook" trend continuation signal.
APPS showed tremendous strength during the correction and BROKE OUT on elevated volume during September's general market weakness. The EPS growth of the company has been tremendous and it is profitable.
Buy APPS at market (~$31)
Stop at $25.35 - $5.65 Risk
Investment First Target of $60 - $29 Profit
Risk-Reward of 5.4x
$APPS Could this be the next Monster Stock?As you can see by the notes on my chart I have built a small position in $APPS. They have great fundamentals and look how it's held up during the market sell-off. I like how it seems to be consolidating here. On any break to new highs I will keep pyramiding into what I think could be a monster move... all TBD. This one is worthy of anyone's watch list. Ideas, not investing / trading advice.
APPS - breaking OUTAPPS is breaking out of its parallel channel; with a 10% move; while the technology keeps going down.
I have not seen any news that could create this move today.
Intraday volume has been above average by 70%. (tool being patented by Schwab)
RSI is oversold, but as we saw earlier, APPS doesn't mind reaching 90 level. Looking for a strong close today to enter a small position.
$APPS Long Swing Idea$APPS forming Bull flag on weekly chart frame and the risk&reward ration deserve to take bet on this trade.
$APPS Digital Turbine. Volatile ride Inverted head and shoulders break with a wild swing below neckline that ended up looking like a neckline test (stop loss hunting accomplished). Now headed higher. Target 28.37 for the IHS to play out. Not for the faint hearted.
APPS: Buy at $29.66 Profit Target at $88.68 HTF PatternThis stock is on a rampage. It has formed an high tight flag (HTF) after flag. It is looking like it will be forming another flag pretty soon. For more information on the flag you can read the IBD article below
www.investors.com
This pole would be given about 1-2 more weeks to see if it works out to the upside. This is different from what I have drawn because shapes on a chart is an art. It is really hard to know but can only statistically guess what might happen next. That is why you always have to pay to the market now and not the one a month or two ago. A big plus is that 5% of the stock is changing hands everyday and the price was up 3% last week versus down 4% last week even after a 700% run up since the March bottom. Their insitutional ownership is great and has been steadily increase in the past year although no tiptop funds have reported yet. Below is fund ownership, sales and yearly EPS
Number of Funds owned
Sep-19 189
Dec-19 238
Mar-20 235
Jun-20 275
Sales
Sep-19 +38%
Dec-19 +18%
Mar-20 +45%
Jun-20 +93%
Yearly EPS
2018 -0.05
2019 0.08
2020 0.2
2021 0.45
2022 0.58
This is a stock to be put on your watch list but as always watch out for the market condition to make sure the bears aren't taking over.
APPS Going to $23 or $30?APPS looking like it has room to rocket up to $30, but I could also see it pulling back to $23 area.
APPS Rising WedgeNASDAQ:APPS After great price jump and new ATH because of last quarter results, it looks like this stock might be looking to go short. A Rising Wedge seems to have formed and with a decrease in volume and price still touching resistance at ATH, we might be heading south for awhile, looking for a break below the support at the $25.98 lvl breaking out of the rising wedge line, keep in mind that there is an ascending triangle formed on last trading day, if it breaks above the resistance, APPS can make new ATH.
Random GuessIf earnings continue at .13 to .15 quarter and EP maintains around 80, we should be in the 40's by EOY.
APPS: Higher price rejection after gap upHigher price rejection after spike up and gap up.
May try to fill the gap.
If confirmed:
PT1 = 20,03
PT2 = 19,29
PT3 = 16,34 (for gap fill)
APPS Aroon Indicator entered an UptrendOver the last three days, I have detected that APPS's AroonUp green line is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. I backtested this indicator and found 217 similar cases, 194 of which were successful. Based on this data, the odds of success are 89%.
DIGITAL TURBINE INC (APPS) Weekly Chart. PROs
Trading at 85% below its fair value
Earnings are forecast to grow 211% per year
Returned 17.5% last week and 40% last year
APPS is forecast to become profitable over the next 3 years
APPS's revenue (23.7%) is forecast to grow faster than 20% per year
APPS is a debt-free company
Insiders have bought 90.500 shares (approx $513k) during the last 3 months
Analysts are overall optimistic giving APPS a 'buy' rating
CONs
Highly volatile share price
Shareholders have been diluted during the past year
APPS is currently unprofitable
APPS has a negative return on equity
Report:
Support held at 3.47 on the 16th of March 2020 and APPS has since succeeded in making higher lows on the weekly
time frame. After last week's strong performance APPS broke through its 23.6% fib retracement level (4.81) taken
from the highs of November last year and the lows of March this year. Just up ahead is dual resistance (at 1 ) which
comes in at 5.03.
Bottomcatchers opinion:
This company certainly has the potential to grow substantially over the medium to long term. Shorter time frames
carry more risk, as with most securities at the moment. A convincing break above resistance at 503 (so 510s) is where
I will be entering into a Long position.
Time Frame for this trade is Medium to Long term.
