Schwab Network on $APP (Nov 6, 2026)
AppLovin's ~8% post-earnings gap and breach of the trend line from its two prior peaks are an early indication the downtrend may be broken, though it remains 38% below its highs. RSI above 70 and heavy volume signal strength; the 251-day EMA near 399 is the last level to reclaim, with support near 338 and 275. He expects earnings to show an overreaction and would use the chart for re-entry.
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Because what will support that is a lot of ideas like today's idea, which is the APP share. Once we start getting the data, and start seeing the earnings that basically show it was an overreaction, we can then use the chart to guide us to re-enter a lot of these great names.
Okay, Rick. So, let's take a look here at AppLovin's stock and this impressive move. I mean, even today we've risen by almost 8% in just one session , with that big jump after the earnings.
You can see the gap in the graph. But before that, we were seeing a downward momentum for this stock. So, let's take a tour through the technical analysis here.
Yes, and to confirm, we are still 38 % below those high levels. What I find most interesting is that you can draw a trend line connecting these two peaks. This is the level we currently find ourselves breaching.
This may be an early indication that the overall downtrend may be broken with today's price action. We have clearly seen this upward movement following the earnings. This is a prominent new area that we should be monitoring.
The recurring ceiling here during this period of fluctuation has now become a new post-earnings lower boundary. Therefore, the level near 338 stands out, as does the location where the gap opened near 275.
The 225.19 level was our lowest point in 52 weeks. Note also that we did not fill the gap, excuse me. We have broken through that old low we saw here near 377. After that, if we want to fill the next gap, it will be around the 416 level .
Therefore, these are horizontal levels that should be monitored in our upcoming trading journey. The 251-day exponential moving average (EMA) in orange, which represents one year, comes in at around 399.
This will be the longest-term and therefore the most significant of our moving averages. It is also the only one we haven't passed yet here. Therefore, it stands out as a goal towards the top.
The Relative Strength Index (RSI), our momentum measure, is above the 70 mark, which is generally considered a sign of strength in uptrend markets. The trading volume file shows that we broke through the control point here, near approximately 320.
Now we are heading towards this smaller node, approximately 390. Then another node emerges upwards, approximately between 444 and 486 . There has been very heavy trading volume recently as well.
A large trading volume during a large move reflects high confidence, and it is usually viewed that way.
Well, we have AppLovin up again today by about 8%, as we are seeing some recovery in many of these stocks.
What this channel has said about $APP
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