Wait for retracement to enter longs in APLD

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Wait for retracement to enter longs in APLDApplied Digital CorporationBATS:APLDChipsnCheeseAPLD stock surged after Nvidia's earnings. While fundamentally its a great growth story, technically, we are seeing divergence on weekly charts, making the current price move unsustainable. Around 33$ mark is where we have the demand zone along with being the 0.5 fib levels of the move since March bottom. Wait for retracement before entering.