Wedge breakout Acasti is back at old support and in a wedge sitting on the 0.382 fib level the last 2 wedges worked out perfectly so let’s see how the third one goes Longby trds2620
ACST - Bullish Divergence & Double Bottom on HourlyACST - Bullish divergence on the hourly chart may signal a reversal and move up to test the 1.00 in a double bottom formation psychological price level. Longby lwlagrange112
LongACST made 0.7 bib retracement and fell from the upside channel. From here it can be accumulating and building a reversal for while and them shooting up higher. Longby Bella40112
ACST - Dip on Market Correlation - Possible Breakout ReversalACST - Like many others today fell on market sentiment prior to comments in the senate by fed chief. I'm waiting for a close above 0.80 before I enter long. I'm looking for a move up to psychological level of 1.00Longby lwlagrange0
ACST: Bullish PennantBullish Pennant, Pros: Descending volume during formation PPS above 50MA and 200MA Golden cross in blue RS above 0, but descending ATR Ascending R/R ratio above 5 200MA Ascending 250RSI above 50 Target: PT = 1.68$ Longby LeLaf443
ACST getting looks,increased volume could have large effect LONGACST popped onto my radar because of the increase in volume. The last few days have really encouraged a soft upward trend in a channel. No strong pennants or triangles: it's been consistently choppy - but to the upside. Technical traders rely on the tenant that history will repeat itself . I think a short term burst might be on the horizon, especially if this starts getting looks from the WallStreetBets crowd. Still riding relatively high on the RSI side, I expect a brief pullback before renewed buy volume. MACD will probably crossover to the downside early and sharply turn back to the upside. ACST is still riding pretty high over VWAP so again I expect some kind of pullback before moving on upwards. Might bounce off VWAP and head up - if it crosses VWAP we could see a strong retracement back down. I think this is unlikely though. Short term target of 1.30 (I hope.) If it breaks 1.35 I think we will be off to the races. Back half of the week will likely tell the tale of how this stock is gonna ride for the next few weeks. Like if you like. Not an expert - just my idea, and I take my ideas to the BANK! Play this one carefully... Good luck!Longby w_coffeyUpdated 337
ACST LONG50ma and 200ma about to cross on the daily gap up play. first target 1.23 area, second target 2.12 area. highly volatile stock so i will be setting a tight stop lossLongby runNgunUpdated 2
Breakout passed my expectation will it continue to amaze us? Not financial adviceLongby TheChartHub886
ACST - Big Upside If Close above 1.00ACST is putting some serious pressure on the 1.00 resistance level a close above the 1.00 mark and we could see a serious run up to 1.80 without much resistance. I suspect we will see some profit taking at psychological price levels so be ready, but overall I think we have a chance to lock in a possible 76% gain but we are also nearing the top of a downward channel on the monthly timeframe so we will probably see a pretty intense reversal unless the company delivers some groundbreaking news.Longby lwlagrange1110
Daily Golden cross for possible breakout $ACSTNot financial advice... Take a look at the daily chart for the 50 day MA to cross the 200 day MA = Golden cross Longby TheChartHubUpdated 332
ACST forming Bullish Ascending TriangleBullish ascending triangle forming on the 15min timeframe for ACST close above 0.848 could signal a move up to 0.87 resistanceLongby lwlagrange1
Bullish Belt Hold Formation Interrupted By Session Close?I think we were seeing a bullish engulfing candle forming in the last hour of the session based on afterhours activity. I believe we will see a gap up open and run up to test resistance at 0.80 Where I think profit takers that missed the run up today and day traders might sell off and drive price down slightly tomorrow to retest support at 0.79 or 0.78. on Friday. If we do see confirmation of support at the 0.79/0.78 level holding into close on Friday get ready for a continuation up onto test 0.82 resistance a close above that and we are on our way to test 0.87Longby lwlagrangeUpdated 1
ACST Correlation With S&P Foreshadowing a Reversal and Rally?I see that ACST has been rolling in correlation with the broader market. The biopharma space had some positive sentiment and I think that drove most of the volume we have seen. The S&P looks like its forming a reversal slightly ahead of ACST. Not really anything wildly groundbreaking about that analysis but maybe a light at the end of the tunnel for some bulls.Longby lwlagrangeUpdated 2
ACST - Gap Down Open at 0.57 Rally Back on Bulls Buying Gap DownI expect a gap down open at 0.57 due to the bearish engulfing at close. The uptrend is still intact on the daily chart but If another bearish engulfing candle forms confirming the fall look for a swift return to the gap down open price of 0.57. That said I expect the bull volume to return on the attractive entry of 0.57 for another rally to test resistance at 0.62 and then 0.65. I do expect it to trade sideways and consolidate after the crazy volatility unless the bulls come back in force. Longby lwlagrange2
ACST reversal pattern with price target of 0.75 USDBullish reversal pattern is appearing after a bounce off of the 0.65 USD support level. Are we are head to 0.75 by the end of the day... and then trading sideways a bit before another rally to test 0.81 resistance.Longby lwlagrange1