Watch These AppLovin Price Levels as AI Stock’s Volatile Run Continues
Key Takeaways
- AppLovin shares surged Wednesday as investors reassessed their positions in the AI-powered advertising platform after selling accelerated in the stock yesterday.
- Following a breakaway gap to a new record high last month, the stock swiftly reversed to create a bull trap, a trading event where rising prices lure buyers before a sudden reversal causes losses as investors sell at lower levels.
- Investors should watch crucial support levels on AppLovin’s chart around $235 and $170, while also monitoring key resistance levels near $390 and $500.
AppLovin (APP) shares surged Wednesday as investors reassessed their positions in the AI-powered advertising platform after selling accelerated in the stock yesterday.
The one-time AI…
