This is what I am expecting to happen Price will reach 7.30 and will bounce, I am expecting the price to reach de are of 9.35 and if it breaks through due to the volume it carries right now I may re enter an long position after I secure my profits at 9.20 expected time 02:00-02:30Longby stevencastillo21scPublished 113
APPLIED THERAPEUTICS, INC. - [APLT]Overview : Trend: The price is consolidating after a strong uptrend in early 2024. It seems to be in a range-bound phase between approximately $5.50 and $6.50. Bollinger Bands : The Bollinger Bands are relatively wide, indicating increased volatility. The price is currently testing the upper band, which often acts as resistance. A breakout above this band could signal the continuation of the uptrend. The price bouncing off the middle band (usually the 20-day SMA) supports the possibility of further upward movement. Volume : There is a noticeable volume spike in late July, which corresponds with a price increase. However, recent volume appears lower, which may suggest a consolidation phase or a lack of conviction in the direction. Support and Resistance : Support: Around $5.50 (lower boundary of the range and previous lows). Resistance: Around $6.50 (upper boundary of the range). A breakout above this level would be a bullish signal. Candlestick Patterns : The recent candlesticks show some bullish activity, as indicated by the price moving up after touching the middle Bollinger Band. However, the wicks on the upper side of the candles suggest some selling pressure near the $6.50 level. Conclusion : Bullish Scenario: If the price breaks above the $6.50 resistance level with strong volume, it could signal a continuation of the uptrend, potentially leading to a move towards higher resistance levels, such as $7.00 or $7.50. Bearish Scenario: If the price fails to break above the resistance and falls below the $6.00 level, it might head towards the lower Bollinger Band or support around $5.50. Monitoring the volume during these key levels is crucial to confirm any breakout or breakdown.Longby SahrinPublished 0
APLT Biotech NASDAQ Penny LONGApplied Therapeutics is an uptrending biotechnology company that has earnings in prior quarters and is heading into another earnings report about may 11th. The run up in price cction is largely on the proposition of future growth much like TSLA back in the day. On the chart besides the obvious uptrend, the volume indicator shows a dramatic volume surge compared with the running 50 day average while the MACD shows the lines above the histogram and running upward and parallel. The ideal entry would be a pullback as the price is now quite extended however I do not believe that will occur until at least after earnings. I believe this strong runner will continue until earnings unabated. As a penny stock many shares can be taken and then the position can be closed in partials along the way thus taking profits and decreasing the risk in steps. The same applies to the call options.by AwesomeAvaniUpdated 113
Incredible bullishThe stock is trading below book value. The chart hit the bottom already and showing signs for big reversal.has a gap to fill at 9$ and 0.61 fib level to test at 16$. Was trading at range of 21$ and higher just 6 months ago. Low float with majority held by institutions. Any big news can take it easily no brainer investment.Longby mysoulbeautyPublished 0
Long into the accumulation areaPrice seems to be accumulated between 21.5-21.9. Try going long as close to 21.5 as possible with a tight stop of 10-20c. If price dops look for a better re-entry. Longby PeterSlPublished 0
APLT - 100% UPSIDE- Retesting trendline after accumulation breakout - good opp to buy long for 100% upside - upside momentum buildingLongby ChasingTheMoonPublished 112
great trend channel ! where do we go next?long on a break of 25, with sl at 22 price target 36 in 2021! great risk reward here, history tells us the top trendline should be tested in the near future! goodluck to longs :) leave comments/questions below! and dont forget to like my posts if you found t helpful !Longby Vibranium_CapitalPublished 18
Is this the bottom?This looks like a nice bootoming pattern to me, maybe it's time to slowly get inLongby dobisaPublished 0
APLT Applied Therapeutics - attempting to base with an inverse H&S. Regained the 50-EMA + MACD back above zero. +$24.73 takes us to the 200-day at $30.Longby LD_PerspectivesPublished 1
Ready for an outright shortStrong market, strong XBI, weak APLT. I believe this can be the beginning of the reversal back to reality for this stock back to $40 or lower. *Speculation burns **ShortShortby RCB1229Updated 4
Options are Expensive, shorting is riskyThe data is positive, but seems like an overreaction for a small and early stage trial. Watching the chart and will enter a short in the future, at what level is difficult to say. I like the gaps down, however it is more likely to bleed lower versus dramatically dropping. XBI is nearing all time highs, this is a high beta stock, so the correlation will not be great. Shortby RCB1229Published 5