Apollo Global Management Inc

APO’s breach of key horizontal support and the test at the 200-day SMA signal a shift into a medium-term bearish bias. Short-term momentum has turned lower with price below the 9- and 20-day EMAs, making now an opportune time to sell on continued downside within the broken support zone. A sustained recovery above the prior support and 200-day SMA would invalidate this stance.

• ↑Fee-Related Earnings hit record $785M (+25% YoY), driving earnings growth.
• ↑Origination volume reached $74B in Q2, bolstering pipeline strength.
• ↓Negative profitability factors indicate weaker return generation capacity.