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AppFolio, Inc.
Long
Mis à jour

Channel breakout on APPF as technology shines during pandemic

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  • Price action has been range-bound for months following initial pandemic crash and recovery.
  • Finding support at top of channel as 168 resistance develops as support.
  • Volume swell as new support holds indicates confidence in the move.


APPF looks to be ready for markup and price discovery. Invalidation below 165 indicates more range-bound movement.
Transaction en cours
I was already in the trade when I posted this chart. Entries were between 140 and 155.

When price action made it down to the yellow line yesterday, I adjusted the stop down to 162.14. Rationale: 163 looked like a support zone on that daily, so wanted stop to be just under it.

I also added to my position at 167.

Excited to see markup after being rangebound since June.
ptk921
Technical IndicatorsTrend Analysis

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Technical IndicatorsTrend Analysis
ptk921

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.