Stock Of The Day: Is AppLovin Breaking Out?

As you can see on the chart below, the $466 level has been important for AppLovin.Last August, it was resistance. After reaching this resistance, the shares rolled over and went lower.After this resistance broke in September, $466 converted into support. This happened because some of the people who sold shares at this price regretted it when the resistance broke, and the stock rose.Many of them decided to buy back their shares at the selling prices if they could. These buy orders that were placed buy these ...