Applied DNA Sciences Inc (APDN)

[LoveAndLight]

We closed with an "Inverted Hammer" chart candlestick today,
with the close of .1775 being higher than the open of .174
which is good news and very bullish IMO!
Here is an example and description of an Inverted Hammer...
Look for a gap up and/or a long white candlestick with increased volume to the upside on Monday and/or Tuesday!

Have a Blessed weekend,
LoveAndLight :o)

From Stockcharts.com:
The Inverted Hammer looks exactly like a Shooting Star, but forms after a decline or downtrend. Inverted Hammers represent a potential trend reversal or support levels. After a decline, the long upper shadow indicates buying pressure during the session. However, the bulls were not able to sustain this buying pressure and prices closed well off of their highs to create the long upper shadow. Because of this failure, bullish confirmation is required before action. An Inverted Hammer followed by a gap up or long white candlestick with heavy volume could act as bullish confirmation.
Link with pictures and descriptions:
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_candlesticks