keekthedeek

Big move coming, which way is the question..

NASDAQ:ACAD   ACADIA Pharmaceuticals Inc.
ACAD .. I have been along with this one for a few months now. Around this price range is where we see big-time moves. This $21.88 level is a key level for this stock. It has been in a downtrend since it hit its 3 month high at the end of December. With how the market has been to begin this year, the downtrend seems more likely to continue. There is a good chance we see a bounce at this level considering there is not much volume until that $21.88 level, but only to again try to break out of this downtrend. I bet we see this big level tested in the next couple of days to see if it breaks down.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.