I get a daily newsletter about the online advertising industry from a reputable company, and the one from yesterday really exposed a company called Applovin, which trades under the ticker APP. The stock is currently up in the stratosphere at over $320 per share, and according to the newsletter, several research firms are basically claiming the whole business is nothing more than a house of cards built on fraud, manipulation and deception. It would be one thing if there was just an allegation or two, but there are dozens of allegations against Applovin's practices contained in the research. Below is a summary video that you should check out to see some of the shady practices going on: There's an extensive amount of research that corresponds with the allegations in the video at https://fuzzypandaresearch.com/app-stock-meta-google-malware-mobile-games-advertising/ If these allegations are discovered to be true, there's a strong possibility that Applovin's apps would be removed from Google and Apple's app stores, which would be the kiss of death for that business. Let me know your thoughts.
Did a quick search and 14 Applovin corporate bonds came up, though don't know what to make of it. Stock price was +$520 before recent drop!!!
Back to 200$ (10M sma) 313$ is the weekly support Might wait for pullback to sell. At this point I'd short about anything. AppLovin Corporation (APP) Faces Investor Scrutiny After Losing Over $13.7 Billion Of Shareholder Value After Fuzzy Panda Research and Culper Research Take Aim – Hagens Berman
I don't see much support till possibly low $290's to $274-ish 50% retracement. Drop from the top is impulsive so prolly not done yet. Kiss of death if it shows up on CNBC or BloombergTV.
When I first heard about this stock i followed it ...this was a few months ago.... It only went one way...straight up, day after day afterday this stock was just boought up like there was not a worry in the world.... I was looking to short it but the buzz and hype around it made me step back, but of course the short would have paid off by now.....
APP Chart It might have potential to form a sharp needle (tall slender mountain) formation. ouch! These are the dates where APP was heavily traded, and the price kept on going up : 5.9.24 6.28.24 8.8.24 Sep 24 11.7.24 11.15.24 2.13.25 <<<< this is the time the price struggled to go up Something big happened on 2.26.25 as volume traded was significant. Anway, the price has risen from ~75 to 500 in half a year. That was a very massive gain. Those who have bought it earlier would have taken a huge profit and not HODL.
SMCI monthly chart shows a beautiful sharp needle / single chopstick formation. Mountain climbers and traders like those patterns.