Bullish Apollo - Long PC Fear
By:TradingView
Looking at a multitude of factors, APO is an opportunistic buy that has a disproportional risk/reward to the upside at current levels. Takeaway: act amidst fear.
Key factors in support of this view:
- Strong underlying fundamentals and leader in the private credit space
- Trading down to the 200 SMA level, which is a historical point of reactivity
- Historical drawdown data suggests further capitulation is unlikely. If further downside occurs, I will increase my position size to nearly double.
Drawdown data:
Current Drawdown %: ~35%
Worst 5 drawdown %
‑56.99%, ‑53.48% ‑47.12%, ‑40.31%, ‑38.98%
Maximum Drawdown % (all‑time)
• ‑56.99%
Key factors in support of this view:
- Strong underlying fundamentals and leader in the private credit space
- Trading down to the 200 SMA level, which is a historical point of reactivity
- Historical drawdown data suggests further capitulation is unlikely. If further downside occurs, I will increase my position size to nearly double.
Drawdown data:
Current Drawdown %: ~35%
Worst 5 drawdown %
‑56.99%, ‑53.48% ‑47.12%, ‑40.31%, ‑38.98%
Maximum Drawdown % (all‑time)
• ‑56.99%
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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