Applied Digital Corp

APLD is in a Stage 2 advancing corrective reset within a broader uptrend, confirmed by higher-highs and higher-lows and a rising 50 DMA. A late-June support failure and 9/21 EMA regime flip have driven a pullback, creating short-term resistance. Medium-term bias remains bullish, but execution readiness is unfavorable. We'll wait for a pullback into the rising 50 DMA support zone for buyable pullbacks.

• ↑Q4 revenue surged 407% YoY to $258.7M, led by HPC hosting
• ↑Contracted lease value reached $36B, including $20B added this quarter
• ↓Q4 net loss $111.6M (−$0.39/sh) underscores unprofitability