The pharmaceutical sector is one of the most interesting ones in such a troubled period.
I see some growth potential for $ACAD in the short term. It is showing a positive trend that is already consolidated and heading for a possible TP of around 44-45$
I see this level as an important resistance since it has been tested repeatedly in the past.
***As usual, not...
If I were to go long on this one, I would take the R that will possibly be encountered at bottom of gap down at 48.15ish in to account and possibly use that as a target as well unless it breaks through it unexpectedly. If it stalls there, I would perhaps sell and wait for a pull back to re-enter
ACAD has not fallen the entire drop to Point A of the rising wedge,...
ACAD messed up somehow, probably an earnings miss on top of the rising wedge pattern it has been in for a long time.
Total width of rising wedge is 24ish and they can fall this width. A strong stock does not usually do the entire width.
Oversold and has broken through at least 2 strong support levels.
This is a wait and see for me and a wait until bottom forms...
These post BO entries are usually a bad idea if they happen more than 1 day after the BO. AMD and LRN pullbacks happened next day.
Jul 13, 2020 15:10
Shares traded: 166
Closed P&L: $-398.40
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Execution detail:Advanced >
Date/time Symbol Qty Price Position
2020-07-13 15:10:49 ACAD 83 $53.390 83
2020-07-21...
buy ACAD
entry 1 $44.50 & entry 2 $42.50
sl $38.50
tp.1 $50.50 tp.2 $55.50 Tp.3 $60.00 Tp.4 $70.50 Tp.5 $80.00
many products releasing soon
Sector: Health Technology
Industry: Biotechnology
Employees: 503
ACADIA Pharmaceuticals , Inc. operates as a biopharmaceutical company focused on the development and commercialization of medicines to address unmet medical...
many products releasing soon
Sector: Health Technology
Industry: Biotechnology
Employees: 503
ACADIA Pharmaceuticals, Inc. operates as a biopharmaceutical company focused on the development and commercialization of medicines to address unmet medical needs in central nervous system, or CNS, disorders. The firms product include Nuplazid, which is used for the...
Hello traders!
Here my idea is to go short on ACAD until the previous resistance line and then wait for a confirmation candle before placing the second trade! Be aware of false break-out and keep an eye on the MACD and RSI. Right now, BULLISH MOMENTUM is declining and RSI is looking downwards BUT things in stock market may change really fast!
Remember to put a...
