10.1% to $4.25 in pre-market trading after the company reported better-than-expected Q1 earnings.
Applied DNA Sciences, Inc. engages in the provision of security solutions. It offers molecular-based technology solutions and services that can help protect products, brands, supply chains, and intellectual property of companies, governments, and consumers from...
Simple APDN has an ugly chart with some news that chatrooms are going to talk about like this will negate the chart.
Shorting any meaningful pop is the best play be mindful you only need 1000 shares to get a decent return so base your risk on scaling in on that factor so you don't get too big too early and can ride this up into the roll over.
Let the chatrooms...
Higher Lows, Staying above the New Lower Value Channel is key.
Elliot wave formed here, 4th leg down, then Next leg up should match the height of the first leg up.
Ideal will be a close above 3.41 Today.
Bounce play tomorrow, for a few %, then Some sort of good news/PR end of week of xmas week and we get another slow ride up into the "Old Higher Value Channel".
Stock taking off as expected. Passed my 4$ call by .25 then retreated to 3.90 at time of writing.
Whats next? 3.89 is acting as support on low volume. EOD could bring a new HOD up to 4.30's, or retrace back to LOD 3.70. Tomorrow will either continue the run into the Lower Bull Channel, OR, rest for a day or so, then run again on potential news at the end of the...
Here we see the channels- This last run stopped at the last downtrend resistance. After a potential Monday/Tuesday breakout, the bull channels are on deck.
Checking in, keeping above the Lower Value Channel, very good sign.
Added that stubborn 3.50 resistance line in the Value channel. Breaking above it a solid buy signal.
Here we see the clear channels APDN traded in prior to and during the bull run until late October when the bear case article was released. I speculate that the bearish price action immediately preceding the article where it dipped into the upper bull channel, that a drop from the peak bull channel was imminent. The article was aptly timed for it's short attack....
Multiple Bullish Drivers and rationale here:
Potential Earnings Surprise in under 2 weeks
PPS has fallen dramatically, and bounced on the topside of the establish "Inherent Value Channel", before being pushed to the bottom half of the channel on a secondary offering, which should show plenty of available cash Pro Forma on the 10K.
Company is in a strong growth...
