APDN Announces Fourth Consecutive Quarter of Record Revenues
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 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.
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.
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