May not be a name that many investors are familiar with but since its IPO, it has suffered the same issues as most, quick spike and very quick drop, losing investor confidence and seen as trading equity only. Investors are starting to take notice due to its outstanding growth and 140% return for investors in 1 year. Although at its current levels, it is at a very...
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.
Now could be a good time to short
Old support may be new resistance
Triangle trend lines converge soon pointing downward
Overall downward trend this past year
Setting the target price:
Daily range of about $1.25
Top of tomorrow's trend line at $39.80
Current price is $38.44
Todays high was $38.70
Today's low was $37.56
Resistance #1 at $38.90
Resistance #2 at...
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.