The analysis focuses on Applied Digital (APLD), noting its continued upward movement for eleven consecutive days, with only two days favoring sellers, indicating strong price action. The stock has experienced a significant rally, followed by a smaller pullback, which is now correcting upwards. Key support levels were identified at $7, which previously acted as resistance, and at $21, where the stock formed a double bottom pattern leading to a substantial rebound. Following a breakout above $15, the price surged to $40, reaching all-time highs. Currently, APLD is trading at $32.77, having peaked today at approximately $34.86. A significant gain of over 50% from the $21 level in 11 trading days highlights its volatility. The analysis suggests a potential bounce from the current support trendline within an hourly ascending channel, aiming to retest the $36 resistance, and subsequently break past the $40.20 all-time high, with a long-term target of $45-$50. A retrace to the $29.45 level would indicate a potential short-term pullback, but remaining above this level maintains a bullish outlook. Overall market sentiment, as indicated by QQQ, is in a solid position, which correlates positively with APLD's strong trend. Volume, though somewhat reduced after the initial run-up, is crucial for sustaining a breakout past previous highs. The technical indicators suggest a continued bullish rally for APLD, despite minor selling pressure at current levels.