1. Large Head & Shoulders 2. Pennant/Falling Wedge with Large Flag Pole 3. Market Retraced to Fibonacci 0.786 (Silver Zone) 4. Forming of 2nd Shoulder for Head & Shoulders 5. Market Sitting on Support Structure 6. 1st Safe Take Profit at Fibonacci Expansion Level 1 (Grey Zone) also at Flagpole length 7. RSI at oversold zone
In how many days do you think it will reach its target of 1.40 you mentioned? I have 0.87 average and now I'm starting to panic
traderprosignals
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Hi @shelchuq, that's a very good question. I would project it to reach there sometime June - July 2021 for our 1st take profit. The market is not exactly trending down anymore but by making sideways movements gradually, the market will curve towards the upside.
shelchuq
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@traderprosignals, Thank you very much for your reply. but there is one more question on my mind. It is said that Acasti will go to the OTC market if it cannot achieve compatibility until May 10. Will the theory be valid in the OTC market?
RotanimreT
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@shelchuq, If I AM not mistaken stock can be listed on AMEX if it is above $0.20 ,stock can be priced as low as $0.0601 and still be listed on the exchange for limited amount of time before it get delisted and go OTC. So in the worst case scenario ACST will be listed on AMEX before it go OTC .
Yes @RotanimreT, that is correct. However, going into OTC isn't so bad but in my experience, the real downside is that the market takes some time to make any significant movement whether upside or down.
auroraa003
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@traderprosignals, Any new recommendations or updates on the chart for ACST. please advise and suggest.
shelchuq
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The American markets have been going very badly since the day we entered February, and all stocks are in a downward trend. When do you think the markets will improve in general?