Applied digital has bottomedApplied Digital CorporationBATS:APLDChipsnCheeseI previously posted a chart for Applied digital to reach 60+ when it was trading at around 36-37$ mark but the correction across semicon index caused APLD to do a double ABC correction. The corrective wave now looks complete with next leg up to start building from coming week onwards. While the overall structure remains bullish, the deeper correction means APLD next wave target needs to be lowered and it will now likely top at around 55$ mark in and around end August - early Sep timeframe. For exisitng longs, keep your positions open, for new investors, this is a good buy at 31$ mark and for short sellers, time to take profits. Recommendation - Buy