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...
Uptrend resisting the final down trend pressure. Positive ER this PM should push us clear past that and back solid into the "Upper Value Channel".
Major Bull Trend line identified along with recent bear channel. Today's capitulation touched the Major bull trend line before regaining ground to bottom of the current bear channel. Apparent floors below for stops if you are nervous just above $1.10 and 1$. Trading within the blue triangle until the holiday, then a Christmas breakout of the current bear channel.
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.
Monday ER could push this significantly higher. APDNW Warrants are still cheap too-
Riding right up the pennant here, earnings on tap. If ER is positive, this could be the lowest we see for some time.
just moved to the right a bit.
Double bottom in the chart shows new uptrend formed. Green lines showing new uptrends. Blue lines showing older downtrends which will act as resistances in the new channels. Currently closing in on the bottom of the Lower Value trend, a great Long opportunity. In the coming weeks we should see pops into the Value Channel, potentially even a Bull Channel...
Clear pennant formed, while OBV completely divergent from it. Pennant forces breakout right around the release of the 10K in March. Breakout above the 2nd blue line is the confirmation of next major bull run. Seems like there may be another smaller pop prior to the 10K but will wind up inside the triangle still. Great place to go long here if you don't mind waiting.
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.
Downward pressure subsiding, next impetus should be arriving shortly.
Coming off a recent rebound high post secondary, pennant has been identified. Showing support today at 3.12, resistance at the top of the previous channel around 3.28. Tuesday may bring us a PR of a concrete "earnings date" , boosting the stock back to the high 3.20s. Coiling up to 3.20-3/25 area prior to the ER on 12/14-12/15. Red shaded ellipse showing the...
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...
I'll publish another char in a sec, with a longer time frame showing the trend channel we're in.
New pennant formed and bottom support found on top of old pennant. Multiple indicators showing buy, or close to flipping to buy. Slow Thanksgiving week trading, then potential PR or Pre-earnings run, at latest case run on earnings to form next wave in pennant. Minor resistance(R1) around 3.45, break above it a solid buy signal.