AppFolio, Inc.
Panjang

APPF (log chart) another bull flag

124
From 2017-now APPF has been a profitable trade using either of 2 strategies:

-Accumulating a position while within a bull flag
-Buying the retest of the prior peak

Currently the stock offers both simultaneously, with a flag forming on top of the prior peak. This price trend is very similar to the flag that broke out in November 2019 which offered a chance for a 30% profit.

In both prior flag breakouts, the range of the flag added to the peak of the flag was a conservative price target, so for this current situation I am targeting the 220-225 level, which is a 30% gain from the prior price.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.