Acadia Pharmaceuticals has shown a downward swing during the past 2 business days or so. Before that it was on a very big run, which on my opinion was due to the high demand and the low buy/sell price. It will soon find support around the 32.67 up to the 38 zone (see the purple channel) based on the past downswing which i just stated. In the very near future it...
Potential long position of a key fib level that has confluence with existing support levels. Look for either:
1. Positive price movement long to confirm rebound.
2. Further consolidation at the $2.22 level that re-affirmation that the level is holding.
