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APDN

Applied DNA Sciences bearish. APDNImpulse down with correlating indicators. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NASDAQ:APDNShort
by Rykin_Capital
Bitcoin is “Clear for Liftoff” as Analysts Watch ForaMove HigherBitcoin is firmly caught within the throes of an immense uptrend. This was clearly seen yesterday when the cryptocurrency rallied up to highs of $10,000 before facing a slight rejection that led it lower. This was a massive $1,000 movement that marked a significant extension of the momentum that was first incurred when the crypto rebounded from its capitulatory decline to lows of $8,100. Because buyers ardently defended this level and have since provided BTC with sustained momentum, it does appear that it is well positioned to see further upside. One trader is now noting that Bitcoin looks “clear for liftoff” as it flashes signs of forming an immensely bullish market structure. Analysts believe this next movement could send it towards fresh yearly highs. Bitcoin Sees Notable Overnight Upswing as Analysts Watch for Further Gains At the time of writing, Bitcoin is trading up just under 7% at its current price of $9,700. Overnight BTC tapped highs of just under $10,000 before facing a slight rejection that led it into the mid-$9,000 region. This movement allowed it to firmly surmount all the heavy resistance it previously faced around $9,200 and $9,500. It is also important to keep in mind that this momentum marks a continuance of the macro uptrend that Bitcoin incurred in mid-March when it posted a “V-shaped recovery” from lows of $3,800. This recovery has also come about against a backdrop of global turbulence, as the stock market is beginning to flash signs of seeing another leg down as the global Coronavirus-induced lockdowns show few signs of letting up anytime soon. The benchmark cryptocurrency’s current strength could be enough to provide it with some significant momentum that provides it with further room to run. One popular pseudonymous analyst on Twitter spoke about this in a recent tweet, explaining that Bitcoin looks “clear for liftoff.” “Bitcoin weekly Heikin Ashi looks clear for liftoff,” he said while pointing to the chart. BTC Likely to Target Fresh Yearly Highs It is a strong possibility that the benchmark cryptocurrency will soon target fresh year-to-date highs as its technical strength begins mounting. These highs are currently established at $10,500, and this happens to be an important technical level that coincides closely with a descending trendline formed as a result of the crypto’s decline from highs of $13,800 in the summer months of 2019. Another popular trader recently explained that he expects BTC to test this key level in the days ahead, saying: “BTC access granted for bulls. Price trading above my bull trigger, let’s see if it holds. Above both the Monthly + Weekly S/R levels as well as the low time frame range high. Continue to hold above ~$9350 and I see us gunning for $10.5k.”
Long
by arlene_
APDN has news and chatrooms are talking about it short $APDNSimple APDN has an ugly chart with some news that chatrooms are going to talk about like this will negate the chart. Shorting any meaningful pop is the best play be mindful you only need 1000 shares to get a decent return so base your risk on scaling in on that factor so you don't get too big too early and can ride this up into the roll over. Let the chatrooms move it before you dive in if they fail then it wasn't worth the short.
NASDAQ:APDNShort
by Osirustwits
APDN Announces Fourth Consecutive Quarter of Record RevenuesStock taking off as expected. Passed my 4$ 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 week or Monday. My guess is the Bull Run continues tomorrow unabated (12/16) 4.50 should be tested, before a rest and run on the 5th leg of the Elliot wave takes us into the Lower, or even Bull Channel. If we rest then run putting us into the 5th leg of the wave earlier, then the lower bull channel looks less likely and the Higher bull channel will create new resistance. Still plenty of room to run here, then the usual news/PR onslaught will propel this to the next level.
NASDAQ:APDNLong
by mooonshine199
APDN Channel Trading & Correction/ Recovery Long OpportunityHere 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. Had the article not been published, the price would have likely still traded deep into the Upper bull channel, potentially even dropping through the Bull channel, testing the support on the topside of the lower bull channel. If it had dropped through the lower bull channel it likely would have reversed before entering the higher Value channel. Also, looking at the past price performance on the 11mil offering earlier in the year, I surmise in the world where the bear article was not published, and the massive drop had not occurred, the new offering would have had far less of a downside impact. As new longs who were in on a bounce play were more skittish than the long term holders evacuated the stock immediately learning of a secondary offering. Had the offering happened while in any one of the bull channels, the dip on the offering would have likely pushed it down to the lower bull channel support, or worst case retreated to the higher value channel before recovering. Given the increased volume and price action on the rise and fall prior to the bear case article, as well as the volume immediately prior to and following the most recent secondary, I tend to think the players left holding will be rewarded with significant upside on a correction back towards the Bull channel. As the offering was priced about 3.50, and the cupping on the chart in recent days, the resumption of trading within the value channel would appear to be imminent. With the apparent solid annual report on the verge of being released, upside potential with some corrective action puts the Higher Value channel on deck. Any positive PR affecting fundamentals prior to earnings could also put the ticker right back into $4 range or a 25% upside. On the downside there is a clear long term support at the bottom of the Lower value channel, set your stops there, 2.75 to play it safe potentially 10% downside.
NASDAQ:APDNLong
by mooonshine199
APDN Long OpportunityMultiple 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 mode, cash from last offering seemed more than needed for "normal operations". Potentially something big in the winds? Acquisition/expansion/major contract? Seems like this ticker had a period of channel trading, which was followed by a major uptick in volume, then a short attack. Now the PPS is settling back into the bottom of its normal trading channel. Ripe for a long position.
NASDAQ:APDNLong
by mooonshine199