May. 22 at 10:39 PM
$APLD $APLZ $APLX I play long & short. Reasons I expect a temporary pull back in APLD:
1. Price at upper band of BB atc2 standard deviations (SD)
2. Price far from 20 MA (~12%) & 8MA (~6%) even after today's pull back
3.Fair value gap (regressive) area 39.59 to 45.41
4. Possible double top on weekly chart for this week & last week
5. Loss of momentum on the weekly chart (this week's & last week's candle bodies & upper wicks)
6.Price at 2 SD on weekly chart on BB
7.Measured move completed from low in week of 3/30 to 5/18.Pause in the week of 4/27
8.RSI, MACD lines & MACD hist., +DI & ADX showing divergence on daily charts
9. Weekpy chart up for almost 8 consecutive weeks
10. Price at the upper end of the parallel channel
I've been wrong several times, so don't take my word for it. All the best!