$DNA - RC -
Added 2024-01-18 12:08:07 +0000 UTC$DNA has been struggling to find support and when it lost the 200 Day MA at the end of last year, it was on a slippery slope to regain support.
Yesterday it came all the way back down to the blue low support line and finished the day above this level and is now up +4% in the PM today.
Losing this line would be a very uncomfortable position for the bulls until it is regained, any stock below $1 is showing enormous weakness too as we can see on the $FSR chart too.
I do not think $DNA is in a bad situation and believe if the blue support line is lost, it can be regained but this needs to start showing strength soon in order to build momentum again, for now we can't assume that an impulse wave up is next.
