[isatrader]

APP continues to develop in it's early Stage 1 base above it's declining 30 week MA, but although it had a very strong week, it's currently meeting the previous resistance. The current Stage 1 range is defined by the swing high that was put in in July at 1.30 and so that is the level to watch for a strong close above with a volume increase at a minimum of 2x the weekly average.

The monthly chart shows a longer term Stage 1 base developing, and currently it's approaching the flattening 30 Month MA. To clear the monthly range it would need to move above $2.40 to new multi year highs.