Watch These AppLovin Price Levels as AI Stock’s Volatile Run Continues | Global News Avenue

applovin(app) Stocks surged on Wednesday, with investors reevaluating positions in AI-powered advertising platforms yesterday after stocks accelerated.

One-time AI favorites have lost more than 40% of its value since hitting record highs last month, and sentiment has taken a hit after a brief report from sellers in February, Accusing companies of deceptive practices. Piper Sandler analysts defended the stock this week, saying it would benefit from positive E-commerce Adoption trends by advertisers to the first quarter.

Despite the recent recession, Appleovin’s stock has more than tripled in the past 12 months with impressive revenue and sales growth. The stock rose more than 6% on Wednesday, closing at about $297 on a broader harvest of high-tech stocks.

Next, we break down technology On Appleovin’s chart, it points out key price levels that investors may be focusing on.

Record high mark bullfighting trap

follow Break through the gap In mid-February, Applovin quickly reversed to create a new record Bull TrapThis is a trading activity, as when investors sell at lower levels, the price increase causes losses to lure buyers before a sudden drop.

Recently, the stock found purchase interest near the gap in early November, with a price transaction of about 50 to the middle. 200-day moving averagealthough the sale resumed on Tuesday.

Stock registration increases Trading volume During a steep sell-off, liquidity has been adjusting since the local bottom early last week as investors evaluate the stock’s next move.

Let’s apply Technical Analysis Identify several crucial Support and resist A strong level of interest in Applovin charts.

Key support levels to watch

The continuation of the recent relocation could lead the stock to revisit the $235 level, a region on the chart that provided support earlier this month, approaching the breakthrough gap in early November.

Sales below this important level of technology could result in a drop to around $170. Investors may look for buying opportunities in the area during narrow times merge Before the breaking gap discussed above.

Key resistance level monitoring

Rising from current prices could increase the stock to a size of $390. This area can provide overhead sales pressure near narrow upper floors Transaction scope This is formed on the chart between early December and mid-February.

at last, bull“The ability to restore this level may return movement to the surroundings psychology $500 level, the position on the Applovin chart may attract a lot of attention near the stock Highest history (ATH). The closed-end bulk support above the area may allow the stock to continue to improve its long-term movement.

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