ACAD trade ideas
ACAD bull set-up examplePlaying 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 climbed above 20 which is also a weak buy signal.
The literature says a buy signal is generated when the stochastic line crosses the 50, but on some charts it looks like that signal comes too late to make a good trade. This requires more study.
Acadia Pharma Shorting OpportunityACAD
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
Finding the upcoming support zone and the right time to sell/buyAcadia 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 will also go on an run as big as the last one or maybe a little slower, but it will fall out again.
In my opinion it would be better to buy soon, sell some when it breaks the channel and then sell more when it reaches the climax of the channel.
Stochastic divergence at the breakout point of a falling wedgeACAD 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 (2.98% - 7.80%)
HOMEWORK: DOUBLE BOTTOM PATTERN IN A ACAD STOCK 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
ACAD At Potential Support Zone Based on the prior channel, technicals suggest price is at a solid demand level
Anticipating ACAD Fast Ball break to the downside on TuesdayACAD 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
Nice buy setup on ACAD. Last time gave 14.5% returnADX(14) below 20. Price broke out of super trend above ichimoku cloud. Looking to make new 52 week high soon
Trade and Long PositionI like the long term prospects/products in this company but i also see a channel forming that could yield 10% per trade.
33.29 is resistance
30.26 is support
Looking to get in around 30.5 and out around 33.00. Will firm it up if trade goes active.
I hold long term positions for 1+ years and re-evaluate actively.
Happy Investing!
