MMHWRWJ -Acacia Communications, Inc. develops, manufactures, and sells high-speed coherent optical interconnect products in the United States, China, Germany, Thailand, and internationally.ACIA ($68.3) is trading above estimate of fair value ($56.76)
ACIA Strong Buy new Alex Vieira idea for 2019. He called more than 95% of Wall Street buyouts in the past 5 years
I believe she is still in a accumulation phase. :-) Buy low, sell high. I will BTC this put sale if possible, early,
ACIA looks like it's working on forming an accumulation pattern down here. Buy low, sell high. I really wouldn't mind owning shares down here. I could also EASILY BTC this put sale back for .40 or lower if given the opportunity.
ACIA is consolidating since April with a series of higher lows since July. If it breaks the trendline for higher lows, it will lose momentum and go down fast. However, if it holds this spot and reverses it should break the $50 barrier.
The last few days also had a SOLID retest gap. And ACIA did retest. If ACIA closes above this neckline on the weekly OR daily, I'll begin to play to #buythesalsa
I'm not personally going to take this trade on ACIA. I did have 2 people request I look at it recently. So ~ we will see what she does. Potentially decent buy low, sell high location. Protective put trigger could ALSO be a stop, but I do prefer playing ACIA longer term from the location. Expecting a 1-2 year accumulation phase as a strong possibility.
Poised to go higher (fundamentals), 87.62 could become the new price floor for acacia
Acacia has pretty good numbers. Solid Revenue bump up in profits in 2015. Not sure why this looks like distribution, however we have seen a lot of stocks go this way, so better safe than sorry. I wouldn't say short this but I certainly won't buy it until I see a solid sign of strength. Although I have to ask, when did the public get a good go at this stock? Looks...
ACIA is forming a flag pattern, going to see if it can get some legs and breakout over the zone tomorrow!
ACIA looks like it wants to go lower here