ACELRX PHARMACEUTICALS INC

$3 is acting a solid support level

I recently posted a bull flag idea, but that doesn't seem like it will play out. If it breaks $2.90 look to make some money on a head and shoulders pattern.

After bullish breakout of wedge, price retested the trend line with a strong rejection. A bull flag pattern developed near strong support.

Chart Details: I have readjusted the pitchfork to better suit the trend.

Chart Details: ACRX updated estimate with entry and exit price and date

With a poor performance over the past year ACRX downtrends and finds itself reaching its 52 week low. I estimate that ACRX is due for another bounce and we might be just in time for a nice dip buy and sell over the month. Analyst ratings are 4 BUY 0 SELL 2 HOLD. Just don't be in it too long or ACRX might be reaching its 5 year low.

ACRX looks good for a bounce to $4.56 and $5.00 potential

ACRX is nearing the completion of a bullish bat pattern on the daily chart. The PRZ falls in a significant support zone and may be confluent with support from a 3-month trendline. 3 Missed weekly pivots sit above price to add to the bullish bias. Entry is placed at the bottom of the PRZ with target at .618CD and SL below the 1.13XA fib level. Confluence in the ...

Or will it start rising? I think it will fall further into the 3's

Momentum to the upside has slowed down the past two days. The good news is volume has very light to the downside when compared to the latest volume to the upside. After now hitting the .618 retrace, the correction may be over but we would need to see a pick up in volume and a new high to confirm the continuation of the uptrend. 7.68 is the short term support ...

Continuing coverage of ACRX this week, we saw ACRX pullback with the market as a whole early this morning. ACRX broke right through support at the .236 retrace, but found support at yesterdays congested zone at the .382 retrace. Uptrend remains in place. $9 remains 1st target. Stop now at 7.70.

ACRX traded for an 8.5% gain today. With above volume for the day, and a strong close we can see momentum carry through into tomorrow. Look for price to hold above 7.90 to continue its' run to $9.

Posted a chart on ACRX earlier in the day as a possible short squeeze. ACRX rallied 4% since the posting. Please refer to my earlier chart for analysis.

After getting hammered in July from the FDA delaying approval on its' latest drug for pain relief, Bears have been piling on making an incredible 20% of the float short. Recent buy ratings from analysts could be the catalyst to get a short squeeze going to begin filling the gap left from the huge 40%+ drop in July. If momentum can carry the stock past 8, then 9 ...