APLD shows relative strength post-earnings despite market weakness; fundamentals are strong (300% YoY growth); technicals suggest upside potential if key levels hold.

APLD had earnings yesterday and I and we're watching it. Uh we were watching it see if it had a reversal and Charlie Moon came on in the morning and said, you know, 23 is the key level to watch in that stock and if it holds 23, it could make a move to 29.

And so what was really interesting with APLD was it was weak for half the day and then I got on my flight to Michigan and while I was on the plane I noticed something very interesting happened.

The market was moving lower and APLD started to move higher in the face of the down market post earnings. And that's a setup I really really love because you have you have the news is out already.

So there's nothing that's gonna come in and send you flying backwards. The news already hits.

You have the market going one way and the stock saying I don't care. We're using this as a buying opportunity. And so once it came like 50 cents off its lows, I started buying uh the options that expire today and some other stuff.

So, I started buying um the I got the 24 calls in APLD and I started buying I'm just looking here. Um the 25 Oh, I had the 25. So, it's the 24 calls was what I was buying. So, hopefully I get a gap up on the open.

Absolutely. I love it. And they crushed earnings 300% year-over-year growth. I mean, just absolutely crushed it.

Quick shout out on uh APLD. It tanked on the open from 24 down below 23. It just got its legs back at 23. It closed strong yesterday. So, yeah, that's the put wall, Adam. 23 is the put wall there.

So, it should be interesting here. You could get uh a power move either way. That's what I'm watching now.

By the way, that APLD uh that APLD coming off the 23, if you guys want to look at it, Gave it gave her a nice opportunity and it's kind of in its own post earnings world. So, it's not really market dependent, which is what I like on a day where you said that Alos are controlling everything.

definitely see the bears tried to take it down. Yeah, it's got positive divergence though. And we've had these bottoming wicks. Two days in a row. It's come in, hit that bottom, and there were buyers waiting on the edge for it. That's um that's that's got some room.

Yeah. Definitely. 3minut chart has some great wicks from the bottom side showing price acceptance starting to pick up to the upside.

If for me it breaks this EMA ripster ribbon at about 2340 got good shot start see it start to accelerate. I see that number also because it is yesterday's candlestick uh opening candlestick low and so if it can get above that 2340 it definitely has legs.

It can move up to the VWAP anchor for the recent past up there at 2390,

Uh, that APLD is it's trying to climb, but like you said, it's like not an easy climb. So, yeah.