AppLovin (APP) – Momentum Building for a Breakout?

Hey traders!

Let’s take a closer look at AppLovin Corp (NASDAQ: APP), which is showing some serious strength on the weekly chart.

Current Price: $466
Entry Zone: $450 – This level has acted as a solid support and could offer a great risk-reward setup.

Target 1: $540 – A key resistance level and potential short-term profit zone.
Target 2: $700 – If bullish momentum continues, this could be the next major upside target.

Catalyst to Watch:
AppLovin is rumored to be a strong candidate for S&P 500 inclusion. Such a move could trigger institutional buying, increase visibility, and act as a powerful tailwind for the stock.

Technical Setup Highlights:
Recent buy signals triggered
Momentum Ghost Machine shows increasing bullish pressure
BBSR extreme close values support a continuation of the uptrend

Add it to your watchlist and let’s see how this plays out!