APPS trade ideas
$APPS - break bull pennant?Calls bought in high qty 4/16 for $100 strike
coming up under the 50 stochastic
want to see a break of the bull pennant
APPS 3/20Showed relative strength up 5% friday, want to see a strong break of the triangle for entry, notes on chart
$APPS Earnings Gap Fill & Inside Day$APPS gaped big time on earnings and has some great fundamentals. It has since filled that gap which the market seems to like to do. Yesterday was an inside day. I have an alert set over Monday's high. If this can move over that with some volume I'll be looking for an entry to at least test the previous highs. All TBD. Ideas, not investing / trading advice.
APPS Tipping Point?APPS looking for confirmation of bullish trend, key retest at $90, upside to $105 if confirmed.
growth stock bubble #1 ( target $58, $45 )Please note: I'm just sharing my view. its not a recommendation for buying or selling.
APPS on watchAPPS had a strong reaction to earning with a gap up. Price has worked it way back down and filled the gap. Given the market weakness it has held up well and may react favourably to a market turnaround. I like it above the box to fib levels and extensions. Trade is dead below the tan box.
Additional Info:
I am an intraday scalper and short term swing trader of stocks & Futures using options and equity.
I focus on high volume momentum stocks in strong uptrends.
My time frame is between 5minutes to 5 days on most trades.
I scale into positions and scale out of positions as my targets are hit.
I always trail my stops after T1 is hit to reduce risk and lock in gains.
If my post is on a Weekly/Daily/240M chart the idea is a swing trade.
If my post is on a 60M chart or lower the idea is a day trade.
Day trades can turn into swing trades if the stock is strong.
All trades should be supported by market direction.
Treat my posts as trade ideas and not signals.
Traders must trade using their own back tested trade plan and rules.
Traders must plan risk first and profits second.
Additional Additional Info:
If you use options to trade high IV stocks it is crucial to wait for some consolidation or a pull back.
If you buy an option when price is stretched you will find that even when the instrument trades in your
direction you will lose money because you will have paid too much premium.
Simple rule = BUY options when candles are SMALL and SELL options when candles are BIG.
time to go to the moon ;)beautiful bounce off support. congrats to people who were brave enough to buy the dip. trendline resistance is now support (as expected) now look for a rally to 115-125 price range in the near future! congrats :) lets eat
$APPS - strong in 2021 and broke out of the pennant$APPS was on my short list to watch.
I was dumb and did not grab the pull back.
This one is taking off
I like buying at 20 EMA - this is on close watch for me.
$APPS For a follower i did not see abcd pattern at 69 that was a perfect entry. The 618% of that move is my favorite pattern ( risk is defined, if it works its fast money, i noted chart where it was, value is highlighted trigger area at 618 demand, if it breaks up over red line pre market you can buy and treat as a 4 hr inside bar . Its very bullish technically its a 10 and 20 undercut on, building higher lows w a rejection at trendline i noted in blue. daily getting tight too, i am liking it more and more now. as @qullamaggie would say i' ve made tens of millions off this set up. 3 star set up due to possible weakness on indices for me. my $PLTR $NIO $RIOT $JMIA all better in my opinion, $SOS not liking rn ill check others here you asked about
BUY $APPS - 03.01.2021Stockonomy Weekly Pick 03.01.2021
APPS has seen a strong uptrend recently.
Price pullback to key levels + Extreme StochRSI represents a good buy signal.
$APPS - Once again poised for a break upward. Disclaimer: I have been long on $APPS since around August of 2020, accumulating shares on pullbacks recently and I now hold 200 shares. I am not a financial advisor, nor is this financial advice.
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- After a killer earnings report sending the stock flying a few weeks ago, the gap has been filled and a break again upwards seems to be on the verge of happening once again. The stock seems to have entered a new channel range using its previous channel as new-found support.
- Additionally, a recent descending wedge (often bullish) seems poised to be broken out of, possibly as soon as tomorrow, which can send the stock bouncing rapidly to the upside and potentially hitting the upper threshold of its new channel range thus breaking ATHs as well.
- I have accumulated more shares after the company's recent earnings report at $85, $75, $67, and again this morning at $79/share completing my position for the short-term with 200 shares. My short-term price target is $100 where I plan to sell 10-20% of the position and potentially reload on a pullback in the event the upper threshold of the new channel I've drawn is not broken.
- Technicals aside, this is a great company to be invested in with a very solid business model in my honest opinion. I enjoy swing trading the stock due to its volatility, but it is a fantastic long-term hold.
Have a great day/evening everyone and happy trading!
- Sean J.
APPS broke channelMove up from here in my opinion. Can we see a break above 88 then a push through 97?
Trade safe!
Elliot wave theory in practice!Almost 17500% gain in 4 years and the correction that has just begun!
Potential price drop:55-60%
Reward/Risk:3.3
Timeframe: 1 year
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
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$APPS 9 buy on a stock I likeAPPS operates in the same industry as $TTD which was very successful. They have great efficiency ratios for a high growth company. I prefer to scoop up some shares whenever there's a dip.
$APPS - Bull flag formation: Potential target $97(previous ATH)After the shakeout in the market today, APPS showed some strength and now it should rebound from this level(after the gap was filled) to its previous all-time high.
Potential target: $97
Stop loss: 20EMA
APPS - consistent returnsSelf explanatory. Buy the dip, good to have cash on hand to seize the opportunities the market presents. Not always good to leave money on the table.
Switch the chart to candles and you can identify some great bullish candles at the reversal. Tweezer bottom got me looking at buying calls. The buy signal confirmed it. Ride the wave up and set the stop loss for some good risk/reward. Next signal was clear momentum play as the price moved above the cloud.
Safe trading! Like/Share!
BUY $APPS - 02.22.2021Stockonomy Weekly Pick 02.22.2021
While we missed the ideal buy day, $APPS could be considered a breakout buy if price does not ascend too quickly.
Entries on pull backs to Fibonacci levels or support would make sense as StochRSI never reached oversold territory.
APPS - Potential Long Entry @ 76Depending on how the broader market looks tomorrow, looking at a long entry if we get a nice hammer or other bullish candle on the 20 EMA on the daily. This stock looks very strong.
