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 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...