AppFolio, Inc.
Long

APPF (log chart) another bull flag

124
From 2017-now APPF has been a profitable trade using either of 2 strategies:

-Accumulating a position while within a bull flag
-Buying the retest of the prior peak

Currently the stock offers both simultaneously, with a flag forming on top of the prior peak. This price trend is very similar to the flag that broke out in November 2019 which offered a chance for a 30% profit.

In both prior flag breakouts, the range of the flag added to the peak of the flag was a conservative price target, so for this current situation I am targeting the 220-225 level, which is a 30% gain from the prior price.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.