Sep. 19 at 8:20 PM
$APP this is my bear case here , this stock moves in certain patterns ,when the stock is in control by bulls it will start at higher opening and end of day will be lower then the opening price , but over the next few days will continue the same cycle . Example open 311 and close 308 , next day open 315 and close 313. They move in certain dollar amounts as well not going get into that here . Now we’re in control by the bears so same cycle , September 16 opens
$325 , ends the day higher at 326, but the trend is bearish so next day opens 319 and closes 321 . Friday hit and opens 318 but closed 308, the way the cycles work it would mean a reversal would happen . I do see a gravestone on the 3 month meaning downward trend , the lawsuit allegations going on , elevated put volume with majority at
$290 strike meaning a 6 percent drop next week. Bulls had their 4th chance at 335 and got reject now bears will get their 4th attempt at 300.
