$DNA
Added 2024-03-22 23:46:46 +0000 UTC$DNA has been battling for over a year to stay above its blue line at $1.10 but with 4 negative earnings reports in a row, the pressure is mounting up.
I will say it until I am blue in the face but if the company is not delivering on their targets, the share price will not turn bullish and they will be punished by the market for it.
And it is not a surprise to see $DNA move almost exactly like $NIO here.
Uncanningly similar.
Best case scenario for $DNA is to stay within this yellow wedge....a break down and it is moving down to the red trend line below $0.80
Comments
Partnerships and programs need to turn into revenue .. multi-year play unfortunately.. I downsized and hold a 2% LT position mainly cause the upside is enormous .. but it's going to be a grind
TommyJR
2024-03-22 23:54:28 +0000 UTC
