$APP Trying to Build a Base — But Bulls Still Need to Prove ItAPPLOVIN CORPORATION / US DOLLARPYTH:APPathletestommy799APP daily chart still looks like a repair job, not a clean trend reversal. The good news: the stock is no longer in straight free fall. The bad news: bulls still haven’t reclaimed enough structure for me to call this a real breakout setup. Right now, APP looks like it’s trying to carve out a base in the 370-400 zone. That matters, because after a sharp selloff, stabilization is the first thing you want to see. But base-building alone is not the same as a trend change. Here’s how I’m looking at it: **Bullish scenario:** If APP can hold this 370-375 area and push back through 395-400 with conviction, I’d look for a move into 420 next. Above that, the bigger reclaim zone is 440-460. That’s where the chart starts getting a lot more interesting. **Bearish scenario:** If this bounce stalls and price loses 370, then I’d expect a retest of the 343-345 area. If that breaks cleanly, then the broader downtrend is still in control. **Levels on my chart:** Support: 370-375 Major support: 343-345 Resistance: 395-400 Next upside level: 420 Major reclaim zone: 440-460 My read: This is a “show me” chart. It’s not broken the way it was a few weeks ago, but it also hasn’t proven much yet. For now, I’d treat this as a base-building name until buyers can force a real reclaim through resistance. Not financial advice.