Hey traders!
Let’s take a closer look at AppLovin Corp (NASDAQ: APP), which is showing some serious strength on the weekly chart.
Current Price: $466
Entry Zone: $450 – This level has acted as a solid support and could offer a great risk-reward setup.
Target 1: $540 – A key resistance level and potential short-term profit zone.
Target 2: $700 – If bullish momentum continues, this could be the next major upside target.
Catalyst to Watch:
AppLovin is rumored to be a strong candidate for S&P 500 inclusion. Such a move could trigger institutional buying, increase visibility, and act as a powerful tailwind for the stock.
Technical Setup Highlights:
Recent buy signals triggered
Momentum Ghost Machine shows increasing bullish pressure
BBSR extreme close values support a continuation of the uptrend
Add it to your watchlist and let’s see how this plays out!
Let’s take a closer look at AppLovin Corp (NASDAQ: APP), which is showing some serious strength on the weekly chart.
Current Price: $466
Entry Zone: $450 – This level has acted as a solid support and could offer a great risk-reward setup.
Target 1: $540 – A key resistance level and potential short-term profit zone.
Target 2: $700 – If bullish momentum continues, this could be the next major upside target.
Catalyst to Watch:
AppLovin is rumored to be a strong candidate for S&P 500 inclusion. Such a move could trigger institutional buying, increase visibility, and act as a powerful tailwind for the stock.
Technical Setup Highlights:
Recent buy signals triggered
Momentum Ghost Machine shows increasing bullish pressure
BBSR extreme close values support a continuation of the uptrend
Add it to your watchlist and let’s see how this plays out!
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.