ACAD low risk long entry

1262 17 2
Volume and price patterns in ACAD             are giving me a reason to enter the market here.

ACAD             is trending strongly on a longer term basis. Price momentum on a quarterly basis is solid and it is retesting the breakout level after a tough week in the overall market last week. The advance by ACAD             from 2.30 to over 3.00 was on a solid increase in volume , indicating strong, new shareholder interest and long term support. The recent slide from 3.00 back to 2.20 was on lighter volume , indicating a "wait-and-see" attitude from the new shareholders.

I view $1.80-$1.90 as the stop loss area, which is a wide stop, but I feel it is necessary on a stock that can move 10% or 20 cents in a day.

Thanks to TradingView publisher @LiljaCat for pointing out the chart originally or else I wouldn't have wandered into such a new, low-priced stock.
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
wow.. nice call
timwest QuantitativeExhaustion
It's nice to see a big move on a technical+fundamental idea. Nice team-work by everyone on this one! This is what TradingView is all about for me. Thanks TradingView.
Algokid timwest
Great Job Tim....Guess the result from the tests were good. :)
Nice action today to the upside :-)
admin timwest
Interesting chart, what about waiting until it breaks ~2.30 again with 2.30 as stop, or buy around 1.95-2.05 and stop out at 1.85?
timwest marginofdoubt
What did you decide to do? The stock is tracing out the shaded projection pretty closely so far.
I bought ACAD @ 1.79 back in August. Just was waiting for phase 3 clinical test results schedule sometime for November. Pure speculation trade here for me .
Algokid Algokid
Just waiting*
timwest Algokid
Ok. Thanks.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out