Playing Trading Simulator Game: Learning about Stochastic Oscillators. In October/November the stock closed with lower highs while the corresponding Stochastic Oscillator displayed higher highs. This is called a bull set-up and means the price will rise soon. On 14NOV17 the Stochastic Oscillator had a crossover giving us a weak buy signal. On 24NOV17 it...
ACAD Rising Wedge on a Bearish Trend is a classical Shorting Opportunity for Traders Shorting on break of the Harami that formed on the Friday Close
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...
Demand seen at this level suggesting bullish action
ACAD is at the breakout point of the falling wedge. The bigger pattern is an ascending triangle that you can see on the weekly chart. I think there is going to be some downside, but we should be able to get a quick pop right into earnings on 11/6. I do not want to hold into earnings. Either we get there before or we don't. Buy: 35.62 Target: 36.68 - 38.40...
The pattern is formed by two price minima separated by local peak defining the neck line. The formation is completed and confirmed when the price rises above the neck line
Based on the prior channel, technicals suggest price is at a solid demand level
I think a local bottom should be in soon.
ACAD looks ready for a Fast Ball Expansion-of-Range-and-Volume move lower on Tuesday. The stock made a textbook break on Monday, and closed on heavy institutional pressure. A continuation entry Tuesday will target underlying daily support. We will close the trade at the target or the end of the session - whichever comes first. NASDAQ:ACAD
ADX(14) below 20. Price broke out of super trend above ichimoku cloud. Looking to make new 52 week high soon