APP - Divergence bullish

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APP - Divergence bullishAppLovin Corp. Class ABATS:APPhabostonAPP became oversold following its earnings report last Thursday. The two most recent instances of being oversold (RSI < 30) have formed a clear bullish divergence. Typically, APP enters oversold territory after more than 12 months, but this time, the interval since the last oversold period was only six months. Whenever APP falls into the oversold zone, a strong rebound—with a price increase of at least 40%—usually follows. As of now, the basis for tracking APP relies on the following data: - Market capitalization exceeding 100 billion. - Bullish divergence. - Oversold condition on the daily timeframe. - Statistical data regarding the rare instances when this stock has been oversold in recent years. Other data points do not guarantee an immediate price increase for APP over the next few sessions: there has been no surge in buying volume, and as of today, the MACD, RSI, and RS line show no bullish signals. Follow along and decide for yourselves based on your own impressions. The current price is below all the MA20/50/200 lines. It will likely need one more reason to break out soon. The price closed on 08/10/2026: $339.00. Price target: $462.69 Stop-loss: $309.34 (-8.7%) IMO, amateur trader. Good luck!