AEMD trade ideas
$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 holding true4/26 - bought @ $1.29, following my wedge formation
expect a climb to $1.46 (green horizontal line) for 13% gain
and HIGH of $1.55 (dark green horizontal line) for 20% gain
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**
AEMD action!The stock is showing a growing pattern and has reached near resistance. The stock slowed down because of resistance but should shoot back up. This situation is also simalar to NASDAQ: CTIC so make sure you check it out and as always, tell me what you think in the comments
Looks bullish to me20 day MA looking to cross the 50. WIlliams %R showing oversold. Last time it had a move up when it signaled oversold. Needs to confirms that we have a upward sloping support on RSI. Overall looks bullish to me
AEMD Potential Double Bottom Reversal NASDAQ:AEMD is seeing support near the low 3.30's and could be bouncing now. The 3 and 4 hour charts show downward momentum is exhausting and the 1 and 2 hour charts show upward momentum. Recent past shows resistance near the 70d MA so I will be taking profits when it starts closing in on the 70d MA (estimating 3.90 range) and I have a stop loss set at 3.25. Which should be near a 3:1 risk reward ratio. However if it breaks the 70 MA I think it could run up to the 1/3 line and could potentially see a higher high.
