ACAD 100% fib extension coincides with resistance level from ER gap down at the end of February. Stock has not only weathered the recent market sell off but also printing a bull flag. Anticipating a continuation of advance coupled with increased volume.
A possible corrective structure may be completed on NASDAQ:ACAD . This could have big upside potential. If we get a consolidation here I'd love to start trading it on the radar.
Reversal candle again TP at resistant line.
Countertrading the FUD, major support level held and buyers showed up at end of session. Looking for a nice bounce play here.
ACAD looks ready for a Fast Ball Expansion-of-Range-and-Volume move lower on Tuesday. The stock made a textbook break on Monday, and closed on heavy institutional pressure. A continuation entry Tuesday will target underlying daily support. We will close the trade at the target or the end of the session - whichever comes first. NASDAQ:ACAD
With another earnings season upon us and with quality volatility contraction earnings plays a scant ten days to two weeks out, I'm hand sitting here. After all, with things like NFLX (earnings in 8), AMD (11), and X (16) dangling out there, slightly out of reach for an ideal contraction play, putting on stuff with less than ideal metrics 45 days until expiration...
ACAD is still bullish, we're just waiting for the new agreement coming. President Trump just distracted Biotech stocks
looking for a short entry after break of trendline... little squezze at the resistance zone... if price can break nclose abov the zone i look for next entry opportunity.. keep it pip´n
1 multiple bottom and 2 double bottom allow us to forecast growth in stock price. Moreover there is a potential flag formation or, in other words, consolidation for next bulls' movement. Our recommendation is to buy. Entry point 37.00-37.50 (breakout of top flag's (consolidation's) line) Stop loss 35.45 (-1 tic 35.46 current flag's low) Take profit 42.50 (strong...
Resistance appears to be holding at the $34 mark, appears to be overbought on RSI. Executed at $34.10
Closed this out for 50% max profit on this 17% plus up move. When the market gives you 50% max in a few days, you take it and run .... . The original fill was for a 1.12 credit, and I covered it for a .55 debit, resulting in a profit of 1.12 - .55 = .57 ($57/contract).
Credit goes to TurboTech for this particular idea, which passed under my radar ... . With an implied volatility rank of 89 and (yes, your eyes don't deceive you) an implied volatility of 259% , ACAD is ripe for premium selling. Here are the metrics for the setup: ACAD April 15th 11 short put Probability of Profit: 78% Max Profit: $111/contract Buying Power...
ACADIA looks ready to move to new highs. Plenty of digestion and back filing the past year and I am seeing more commitment in the intraday price behavior. I believe at the very least there is a swing trade to the mid $30's here with plenty of catalysts to take this company much higher next year. I took a long position again today at the open, average cost $29.0391.