APPN trade ideas
APPN wait for correction or ride to next resistance 25% upsideAPPN approaching previous resistance. Tracking for entry opportunity. Will either form new support or get rejected down to previous support with a 10% pull back.
$APPN monster run in 17 trading days$APPN has given me nice 640%+ returns overtime. It has jumped >200% in less than a month 🤩
Nice retest of prior resistance and bounce above 50EMA prior to earnings and blast off post earnings.
Even if you had missed the bounce off the prior resistance, hope you caught the breakout of prior high which would have also given you a juicy breakout trade profit. Booking some profit is not necessarily a bad idea in this case. Unless you are in it for very long haul.
overboughtRSI at 88 and will be 90+ when it hits 180. highest target is 200. either short it or sell naked calls at 180. i am starting my short 1st thing on Friday.
$APPN Fib Retracement $APPN
Testing out this theory. $APPN levels work out almost exactly with the Fib Retracement tool wave 1 and 2. Testing the fib timeline tool for wave 3 which indicates slightly higher before entering wave 4 retracement back to $113.60 buy-zone in mid-late December.
"I'm not an expert but I have watched a number of youtube videos"
NASDAQ:APPN
Sell Signal: 113.75 Stop: 120#stocks
Ingenuity Trading Model-
Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement.
software and organization - up 46% from marchAPPN
software and organization - up 46% from march
we will break down from here to fill the gap and retrace to the .618 or .786
High probability + big upside in this stock. Gorgeous chartThis is a pretty incredible inverse head and shoulders trend continuation pattern.
Interestingly enough, APPN had a similar pattern from January 2018 through August 2019, where it finally broke out, producing a profit in excess of 45% from the breakout point to the high:
Keep an eye out for a possible false breakdown. The best trades tend to run and never look back, but be mindful for a possible inside pattern correction like WORK had in the chart here:
Perfect patterns do not always make it easy. But this is some golden price action...
PAY to APPIAN CORPORATION Hey traders, APPIAN CORPORATION is in a historic moment we may have to deal with a new high in its history. It is in a fake bearish move with an aborted buyer's attempt and a large volume of past buying. In the MULTI FRAME 15 5 Min was forced to collapse to go to the next low point and start on its climb. Great potential to breakout the stabilization zone to reach a new historic high. Not enough force to breakout the new stabilization zone yet.
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Observe for break above previous high of $63 to confirm Wave 3Watch for break above $63 to confirm Wave 3, according to the Harmonic Elliot Wave theory. Either trade short term in Wave 3 or wait for corrective wave 4 pullback to accumulate before riding Wave 5 up.
Buy APPN Buy now or till 45 for targets of 49.5,52.5 and 56Appn
Cmp -46.8
Buy now or till 45 for targets of 49.5,52.5 and 56
Stoploss 43 on closing basis
Appian Buy EXPANDING INTO STOCK MARKET TECHNICALSif we can break through the resistance we can for see $65.00 shortly to complete the bearish shark patters D leg.
Stay Tuned
AAPN - Earnings PlayEntry 46.50 - 47
1st Target - 49 (sell 20%)
2nd Target - 52 (sell 50%)
3rd Target - 55 (ride rest or sell 30% if breaks new trend line)
Stop Loss - 43.90
Appian failed again at 64APPN failed to break 64 for the third time. Expect it back in the low 40s or below.
Appian Corp - $APPN - Appian Corp.
Ticker: APPN
Industry: Software
Entry: $63.77
Stop Loss: $61.99
Price Target: $85
Risk: $1.78
Reward: $21.23
Reward/Risk Ratio: 11.93
$APPN Potential Breakout in Appian Corp
High 27% short interest
Appian Corp. provides business process management (BPM) solutions. Its BPM tools automate and measures business processes. The firm's products include BPM software, case management, mobile application development, and platform-as-a-service. The company was founded by Matt Calkins, Robert C. Kramer, Marc Wilson, and Michael Beckley in 1999 and is headquartered in Reston, V A.
