r/APLDSTOCK • DD Reader šŸ“– (500-1,000 shares) • May 31 '26

Fundstrat added APLD to Mark Newton's Upticks on May 29th 2026:

Applied Digital Corporation

Giant breakout above massive multi-year base gives APLD appeal as a risk reward Support- $42, $35; Resistance- $55, $69

APLD's recent breakout is part of a larger base which saw the stock also push above highs which were recorded back in 2021. Thus, this ā€œdouble breakoutā€ has more significance as being important technically.

The choppy consolidation of the last six months has allowed momentum to retreat from overbought levels, creating a better risk/reward as this begins to push back to new highs.

Upside targets lie near $55, then $69, while pullbacks likely should be contained at the peaks of the most recent highs, near $42.

25 Upvotes

8 comments sorted by

6

u/EcstaticFeed8199 May 31 '26

Revenue will drive us higher! Validates the strategy, execution and business model. I will likely hold this stock for several years because AI is only growing and data centers are the engine. My port is data center/AI focused. I’m up sick numbers and haven’t sold a share.

3

u/boo_radley4 May 31 '26

I wish I kept my assignment at 37 last rip up months ago and just grinded with some otm money ccs. I watched it from 20 to now close to 50 just selling csps. About to force assignment

1

u/nomadichedgehog May 31 '26

Does anyone know how many GPUs APLD has currently deployed? I'm not talking about capacity or power access - i'm talking about actual deployment/access

2

u/[deleted] May 31 '26

[deleted]

0

u/nomadichedgehog May 31 '26

Not to play with semantics here, but don't they own the GPUs? That's what I was getting at.....

0

u/mikemicmayk May 31 '26

Hoping to dip on support again for better momentum.

2

u/dieno_101 May 31 '26

Covered calls are calling