Have you ever noticed that many times a stock chart looks pretty disgusting prior to earnings and then: BOOM!!! the stock is up 30% the day after the earnings as the shorts are spooked and are dying to get out while some others are backing up the semi to load up for a potential ride up?
I might be 100% wrong but I have a gut feeling ACIA will move big on earnings... I am taking this trade with options however as I don't have a clue in which direction this teenage gorilla will jump. All I know is that it can jump in between earnings so if the Street is caught on the wrong side, things could get interesting pretty fast.
Right now momentum is clearly down but the stock is at a double support level. That support won't mean a thing in a couple of days however when they release their earnings.
Let's see how this one goes.
I might be 100% wrong but I have a gut feeling ACIA will move big on earnings... I am taking this trade with options however as I don't have a clue in which direction this teenage gorilla will jump. All I know is that it can jump in between earnings so if the Street is caught on the wrong side, things could get interesting pretty fast.
Right now momentum is clearly down but the stock is at a double support level. That support won't mean a thing in a couple of days however when they release their earnings.
Let's see how this one goes.