$APLD looks for support in “Go” trend

$APLD looks for support in “Go” trend


June 2023


Alex Cole

$APLD has been in a "Go" trend since early April.

Capitalizing on the strength of the outperforming technology sector, we have seen price rally sharply after entering a "Go" trend early in April. Recently, we saw a Go Countertrend Correction Icon (red arrow) indicating that in the short term price may struggle to go higher after hitting such heights. Indeed, as price has stabilized, GoNoGo Oscillator has fallen to test the zero line from above where we will watch to see if it finds support.  If it does, then we will look for price to move higher with resurgent momentum in the direction of the "Go" trend.