An up channel and several small down channels can be plotted on ACHC
Each time the down channel ends a bullish breakout occurs within the up channel
We are currently at the bottom of a small down channel so expect a bull breakout and continuation of the larger channel
A triangle structure that I interpret as a flag of a bullflag
Price is looking to break out of this structure on this daily timeframe
Currently sitting just above the upper line price is yet to attempt this
Bullish
Gone long on ACHC -
Pilot position only given the economic news out this week.
Strong uptrend
Series of earnings beats
Looking to breakout of consolidation area
Hey traders, ACADIA HEALTHCARE is in a bearish dynamic fake with a water-carrying candle shape and low return of traded sell volume. In the TIMEFRAME M1 we see a dash with a low volume of purchase made it goes in the direction of the VWAP. This corresponds to the base of the bollinger as well as its highest and end on the top of the balance zone to test it. The...
One month long bull flag after an 85% run. Boke out of its flag in today's session.
Acadia Healthcare Inc (ACHC)- PROVIDES PSYCHIATRIC SERVICES FOR BEHAVIORAL HEALTH DISORDERS THROUGH 224 TREATMENT FACILITIES
ACHC making a double bottom in the hourly chart and recently crossed above an important fibonacci resistance level
Even RSI has diverged, going long
But not offering that great of a risk to reward, preferred to take a smaller size
This week is all about looking into the future for NASDAQ:ACHC investors as on thursday, the company will host a conference call to update investors on the companies strategy and future.
In the most recent earnings it was not a blowout but just about in line with expectations. The company referred to continued growth and expansion so investors will be keen to...
$ACHC Forming possible spinning top on weekly chart right at the December gap-fill resistance around $29. After big earnings miss last quarter and removal of CEO in December, not much positive fundamental news to attract buyers leading up to another earnings release in late February. Targeting next support level at $20 by March.
Also of note, some unusual bearish...
Technically Speaking
Acadia Healthcare Co is sitting at a support level that was last tested in 2014, roughly 40. Will it hold this level? Who knows.
What to do?
Looking at the chart it would seem the R/R favors being long at these levels. A stop somewhere under 36 makes sense. Just have a place that you will EXIT.
The number one job of a trader is to protect...
![ACHC: ACHC LONG - above SMA200[D] + recover since 2017](https://s3.tradingview.com/o/oHoDu5Ca_mid.png "ACHC LONG - above SMA200[D] + recover since 2017")
