demyanchuk
Long

Tripple bottoms' patterns: statement of continuing growth (ACAD)

NASDAQ:ACAD   ACADIA PHARMACEUTICALS INC
1 multiple bottom and 2 double bottom allow us to forecast growth in stock price.
Moreover there is a potential flag formation or, in other words, consolidation for next bulls' movement.

Our recommendation is to buy.

Entry point 37.00-37.50 (breakout of top flag's (consolidation's) line)
Stop loss 35.45 (-1 tic 35.46 current flag's low)
Take profit 42.50 (strong level+Elliot's waves approaches)
Risk/return ratio 1:3
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out