APLD has experienced selling pressure this week, currently priced at approximately $24.05. Historically, the stock surged to a high of $40.20 this year, driven by significant buyer interest, followed by a subsequent pullback. On the daily chart, an initial sharp decline was observed from levels near $35.08, consolidating briefly above $21.05. This led to a subsequent upward movement of about 29% to $29.45. This upward move was characterized as a 'dead cat bounce,' followed by another notable decline. The current price action indicates a potential formation of a higher low or double bottom pattern, staying above the critical $21.05 support level. The analysis posits a bullish scenario wherein buyers intervene to sustain this higher low, aiming to reclaim prior resistance levels around $35.08 to $36.39, with an ultimate objective of retesting the $40.20 all-time high. Conversely, a breach below $21.05, particularly a full retracement to the $19.00 level, would signal a bearish shift, invalidating the bullish outlook. APLD exhibits high volatility, marked by rapid price fluctuations. The short-term outlook is neutral, transitioning to bullish if key resistance levels are overcome.