ACST broke below extreme support levels, but still holding above RSI support so all hope is not lost.
once be break back above support (1.88 area) then my targets to the upside are 2.92-4.41-6.47
Acasti Pharma Inc (NASDAQ:ACST) has been struggling, as have most small bio caps stocks lately, but there are some signs of reversal in this downward path. What needs to be watched from here out is whether it is still being accumulated. The bounce off the recent sell-off lows could potentially be the start of an even higher move. The stock looks right on the brink...
test
Acasti Pharma, Inc. is a biopharmaceutical company, which engages in the development and commercialization of pharmaceutical applications of its licensed rights for cardiovascular diseases. It focuses on the research of prescription drugs using omega-3, fatty acids derived from krill oil. The company was founded by Henri Harland and Pierre Lemieux on...
Gap from 3.21 to 2.94 from end of August as a result of a stock split.
RSI on the the 1D chart just passed 30; MACD recently went green and today served as a solid buy signal. Could close the gap above.
SL 2.10 or 2 depending on risk tolerance.
Acasti Pharma Inc (NASDAQ:ACST) is also bottoming out. This one could easily run to $3 in a heartbeat, just needs a little love and attention. Bullish MACD crossover on 4h chart.
As per title, looks like it might be heading back up in its range. Already up 20% off the bottom with possibly another 20% to go. Just crossed up over its 20 Day Moving Average which is often a good sign.
Buyer beware. Keep your stops tight especially as it nears the top.
ACST is currently located at the bottom of the value zone (~ $0.38 area) , as you can see from the chart price bounced multiple times to the upside from the bottom of the value zone ,also notice the indicators below .In my estimation we have a higher probability for ACST to start moving higher and reach ~ $0.54 area .
ENTRY $0.40
STOP LOSS : $0.36
TARGET $0.52
R/R...
I love this chart on acst only if it holds .38 giving you a perfect place for a stop loss that's what makes it so great paired with the bullish cypher and the massive inverse h&s
Downtrend rejection at .48 would signal a triple bottom at the 3 month chart, signaling a possible reversal to .61 resistance. There are key resistance levels at around .57 that need to break. If .61 breaks, .67 becomes next resistance. There is a pretty clear channel between .48 and .61 for swing trade opportunity.
Hello traders,
Last time we sold our position in ACST for a 20% profit because as I said, I don't like the big movement in price without any base.
We will entre now again with the green lines as targets.
I will update the SL once I see a clear movement.
*** This is not a financial advice, I'm still a beginner trying to share my Road here.
Thank you.
The company's stock is in the consolidation stage strongly
The stock is now buy
I do not recommend Stop Loss because you will be taken out by the market makers
I cannot say more details about my strategy as it is very confidential
Hello traders,
As you can see ACST Holding the support line perfectly, and start racing.
I expect it to reach the green line in the upcoming days.
*** This is not a financial advice, I'm still a beginner trying to share my Road here.
Thank you.
