Applovin Corp: Rallied 5.9%, Now Back To EntryMy buy/long idea on Applovin Corp saw a rally of 5.9% before retracing (now back to target range).
The high was $69.67, with the target range being 71.00/71.80.
With the Nasdaq looking wobbly at these highs (we discussed this yesterday) it may be best to exit the trade if you took it and are still involved.
Trade Idea Status: Closed.
1APP trade ideas
Trade Setup: Buy Applovin CorpCurrent: $65.76
Buy range: 65.20/65.95
Stop: 63.20
Target Range: 71.00/71.80
AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps worldwide.
Market Cap: $23bn
Ave Volume: 1.3m shares per day
$APP is giving a GREAT IPO SHORT opportunity todayIPO intraday trading strategy idea
AppLovin provides tools for mobile app and game developers.
The share price is falling and gonna continue this trend today.
The demand for shares of the company still looks lower than the supply.
These and other conditions can cause a fall in the share price today.
So I opened a short position from $69,10;
stop-loss — $73,50
take-profit — $56,00/MOC price
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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