Watch These AppLovin Price Levels After Stock Hits Record High

Core Insights - AppLovin shares reached a record high as the company capitalizes on mobile gaming and digital advertising markets [1][2] - The stock has seen a V-shaped recovery since December 2022, supported by strong trading volume [1][3] - AppLovin's shares have surged over threefold since the beginning of the year, driven by demand for its AI-powered AXON advertising technology [2] Technical Analysis - A bars pattern suggests a price target of around $200, indicating potential for further gains [5] - Key retracement levels to monitor include $112, $88, and $55, which may serve as support and buying opportunities [4] - The stock's price has more than doubled from its low last month, following a pullback towards the 50-week moving average [3] Market Sentiment - The recent bullish trend is accompanied by overbought conditions, as indicated by the relative strength index (RSI) reading above 70 [3]