AppLovin has reached our Fibonacci buying zone and officially activated this zone. We expect AppLovin to end its long-term correction within this zone and eventually reach new all-time highs in the long run with extremely bullish momentum.
Therefore, this zone represents a prime buying opportunity for the stock at very discounted prices. We will validate this zone as soon as AppLovin breaks above its local resistance at $359.
If anything happens with this stock, we will update you immediately.
Kind regards,
Monalytics
