Not financial advice
BUY for T1 1.47 T2 2.10 SL closing below 0.55
ACST is putting some serious pressure on the 1.00 resistance level a close above the 1.00 mark and we could see a serious run up to 1.80 without much resistance. I suspect we will see some profit taking at psychological price levels so be ready, but overall I think we have a chance to lock in a possible 76% gain but we are also nearing the top of a downward...
Not financial advice... Take a look at the daily chart for the 50 day MA to cross the 200 day MA = Golden cross
Bullish ascending triangle forming on the 15min timeframe for ACST close above 0.848 could signal a move up to 0.87 resistance
I think we were seeing a bullish engulfing candle forming in the last hour of the session based on afterhours activity. I believe we will see a gap up open and run up to test resistance at 0.80 Where I think profit takers that missed the run up today and day traders might sell off and drive price down slightly tomorrow to retest support at 0.79 or 0.78. on Friday....
I see that ACST has been rolling in correlation with the broader market. The biopharma space had some positive sentiment and I think that drove most of the volume we have seen. The S&P looks like its forming a reversal slightly ahead of ACST. Not really anything wildly groundbreaking about that analysis but maybe a light at the end of the tunnel for some bulls.
I expect a gap down open at 0.57 due to the bearish engulfing at close. The uptrend is still intact on the daily chart but If another bearish engulfing candle forms confirming the fall look for a swift return to the gap down open price of 0.57. That said I expect the bull volume to return on the attractive entry of 0.57 for another rally to test resistance at...
Bullish reversal pattern is appearing after a bounce off of the 0.65 USD support level. Are we are head to 0.75 by the end of the day... and then trading sideways a bit before another rally to test 0.81 resistance.
ACST = RECOVERY FILLIN GUP DOWN +VOLUME + RUMOR OF MERGER = from 0,55$ to 1$ tp1 or 2$ tp2 ...i hopre repply my 95% precision ..
Bullish Flag, filled 100% May have another run at it, watching. Pros: Descending volume during formation Volume at break out PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 5 Cons: 200MA Flat 250RSI below 50 If confirmed: PT = 1.0636$
It is a swing play for me...NOT FINANCIAL ADVICE
ACST breakout above 0.64 confirmed with new support at 0.69 little resistance at 0.70 possible formation of new upward channel. Price target of 0.75 at top of new upward channel. The really big picture is a downtrend but it looks like we have to hit 1.20 before a correction would occur to keep the trend downward. lots of upside before that....hopefully!
An ascending triangle is forming on ACST Looking for Breakout Above 0.65 with a price target at resistance level of 0.70 I'm seeing it on the hourly in an ascending channel Anyone else?