Aug. 13 at 8:02 PM
$APP I’m seeing the same play as INTU. After INTU dropped hard following earnings, it bounced almost immediately. Then analysts started coming in with much lower price targets, and the stock eventually gave back the bounce and made another low around
$250.
Feels like they played the exact same game here, dump it hard → relief rally → pull buyers back in → analysts lower the target and another leg lower after.
Algos playing their usual fuckery.