AEMD 45min Scalptest
Aethlon Medical, Inc. is a medical technology company, which focuses on developing products to diagnose and treat life and organ threatening diseases. It develops Aethlon Hemopurifier, which is a clinical-stage immunotherapeutic device designed to combat cancer and life-threatening viral infections. The firm operates through the following segments: Aethlon and ESI. The Aethlon segment involves in therapeutic business activities. The ESI segment consists of diagnostic business activities. The company was founded by James A. Joyce in 1991 and is headquartered in San Diego, CA.
AEMD
Between Two Fibs - AEMDAEMD seems to like this range between the 786 and 618 fib lines. The 618 has long-been a point of resistance on the chart. Meanwhile, the last few days have seen it test the 786 level but hold both above it AND its 50DMA. No news today but focus on biotechs thanks to CYTK earlier could be a sympathy trigger at play. Also with the Delta varient becoming "a thing," covid stocks in numerous stages of development are becoming more of a focus right now. We'll have to see if 786 fib+ 50DMA post a strong support level and if 618 will remain resistance if or when AEMD takes another swing at it.
AEMD Technical Analysis 🧙Aethlon Medical Inc is a medical technology company. It is focused on addressing unmet needs in health and biodefense. The company operates through two segments namely Aethlon for therapeutic applications, which represents its therapeutic business activities and ESI for diagnostic applications which signifies diagnostic business activities. It is focused on the development of Hemopurifier, a clinical-stage therapeutic device designed to combat cancer and to eliminate life-threatening viruses from the circulatory system. The company generates revenue from Aethlon segment.
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$ADGS Potential R/M with new Officer listed LF, PPS Target $50+$ADGS New CEO listed and $200,000 in Taxes paid to get the company up to date on filings. Usually when this happens there's a good reason for it such as a potential R/M and a big one. So far there's been several Xu connections; One to a medical company that is dealing with the Corona-virus, a large Burger Franchise overseas and a large tech company. There is no concrete connection yet, but we have loaded and will wait for more filings. Personal target based on the S/S $50+
$AEMD Breaks Out On Coronavirus Outbreak 1.3 Mil O/S PT $10-$15The Aethlon Medical mission is to create innovative devices that address unmet medical needs in cancer, infectious disease, and other life-threatening conditions. The Aethlon ADAPT system is an expansive technology platform that converges affinity drug agents and plasma membrane technology to create therapeutic filtration devices that selectively target the removal of harmful particles from the entire circulatory system.
$AEMD's Chart shows immense potential for an epic breakout with the 52WK high being $21.50 I do believe the current momentum could push the price back up to the $10-$15 range, this current run on Corona stocks is reminiscence of the 2014 Ebola rush where certain stocks were doing 5,000% and many if not all at least did 100-300% gains.
$AEMD's O/S is around 1.3 Mil as was recorded in late last year's filings. It's float possibly around the same.
The chart shows this move could come by Friday this week if the outbreak continues to worsen at the rate it is currently at.
AEMD and nice wedge movement4/4 - began watching this movement
4/12 - Expected movement down to retest $1.15, but it did not go. Instead, it supported trending support!
4/16 - Major retest created with wick bull 4/12 and lower wick retest bull 4/16
4/17 - first day of wedge formation, trending resistance
My expectation/goal - 4/26 - bought @ $1.29, following my wedge formation
expect a climb to $1.46 (green horizontal line) for 8% gain
**Let's see what happens**