Applied DNA Sciences Inc (APDN)

[Intotheblack]

This has broken below the trading channel it's been in for a very long time. The Market sentiment is pretty poor. DTC has called 2.50, and this has shown support there in the past, but it was a while back so there's no guarantees it holds there.

However, on the bull front, technically this is oversold so if the market perks up, this could see a bounce up near term, especially if the company comes out with another solid PR. This company tends to release successive PR's so if we see those, it bounces up big time. The reality is the broken trend means a new channel below the "value" channel that it was trading in has been created and it'll trade within it. If it bounces right out, no biggie, but like a dirt road, if it forms ruts here it's easy to get stuck in them. The longer we stagnate, the more headwinds we face down here.

I'm going to speculate the company knows this, and we see some PR blitz in the very near future to push this pig north. I should have seen this coming with the options granted recently at the higher price. They never grant "in the money" options...what incentive is that?

DTC, what's your chatter algo saying? Is this thing about to pop? Or drop?

thanks