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.
-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.