Today's trade idea is a long-term buy on ACADIA Pharma. Starting with a weekly chart on the left, we can count an impulsive move from the 2010 low (starting below $1.00). The extended Wave 3 clearly subdivides into five smaller waves, increasing our conviction in the count. It's also worth highlighting that the prior all-time high around $18 held as support after...
I had this ticker in my watchlist, but for some reason, I just realized its pattern is broken from the downside. It has both advantages and disadvantages; We are at least 2 days behind from the move, but nevertheless, we are confident that the move is surely present. Here, we have an ascending triangle at the very end of a strong bullish move. Even though this...
Price is consolidating clear area of resistance defined.
Place stop buy above
Also price above 200 and 50 day MA's
Potential for false break out but I stock goes back down you won't have made an entry.
1. Not up three days in a row
2. Linear move up prior to consolidation
3. Young Trend
4. No breakouts or breakdowns during consolidation phase
5. Clean and low volatility consolidation
***see roboticinvesting.com for more details on Momentum Surge
100% fib extension coincides with resistance level from ER gap down at the end of February.
Stock has not only weathered the recent market sell off but also printing a bull flag.
Anticipating a continuation of advance coupled with increased volume.