lauralea

Rising Wedge Falling Wedge

lauralea Updated   
NASDAQ:ACAD   ACADIA Pharmaceuticals Inc.
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, and it may not. Remains to be seen
A lot of R overhead. Appears buying kicked in at $36.32
The falling wedge could be bullish and price has broken upper trend line but a confirmed uptrend is not in place from what I see

Trade safely. Not a recommendation
Comment:
NV is very low..possible to go lower so be safe
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