From ATH ($0.195c) in June 2021, it retraced to 61.8%fib zone around $0.08c. Since then it has recovered some lost ground making higher lows. $0.11c is strong historical S/R zone but a break & close above that will potentially be bullish
Shares in ACW are this morning trading up over 200% from their closing price yesterday. The company released an update regarding their Xanamem product.
The key points the company focused on in the release were.
- Statistically significant results demonstrate cognitive improvement in healthy elderly subjects dosed with 20mg Xanamem daily in the XanaHES dose...
On the daily and weekly both charts on the MACD show some south ,movement while I was pasting up the head and shoulders.
I will be looking for a good buy in a day or two to jump on the ride north as soon as MACD start to show a change.
Looking for Tips and education so feel free to comment.
I've been watching this one for a very little one waiting for some news.
- News drop and bull pushed and found some resistance at 5c.
- after over a week it looks to me as resistance has thinned out.
I think we are on a new upward trend
Following on from the reversal setup a few days ago, ACW has confirmed the reversal with a higher low. Should see continued rise, albeit slowly, driven by improving FA and expectation of trial results and updates.
A very clear breakout on volume for ACW today. Looks like selling has eased off. Should push higher on sustained volume. look for a confirmation in coming days. Good FA behind this one.
ACW has put in the early stages of a reversal. Low rejected on good volume. Next few days will confirm this possible reversal. Good FA and expectation of results mid year should provide a good catalyst.
It appears some value is being seen at current share price. Interesting one to follow.
