Posted On: 12/08/2013 3:33:43 PM
Post# of 2561
ACHN Daily Chart ~ The Next Day or Two Should Give Us Direction
After a nice move the previous week, last week saw the horizontal resistance lines keeping a lid on ACHN. I'm still in the stock, but will need to see a close above 3.51, preferably 3.56, in the next couple of days. The selling volume declined both Thursday and Friday, so maybe the bulls will lift the stock into the void of the gap. The MA7, 10,16 and 20 are moving up nicely, while the longer term indicators are still in decline due to the collapse in share price of late Sept/early Oct. Any catalyst of material importance could send ACHN easily up to the MA100 in the high 4.00s. GLTA
After a nice move the previous week, last week saw the horizontal resistance lines keeping a lid on ACHN. I'm still in the stock, but will need to see a close above 3.51, preferably 3.56, in the next couple of days. The selling volume declined both Thursday and Friday, so maybe the bulls will lift the stock into the void of the gap. The MA7, 10,16 and 20 are moving up nicely, while the longer term indicators are still in decline due to the collapse in share price of late Sept/early Oct. Any catalyst of material importance could send ACHN easily up to the MA100 in the high 4.00s. GLTA
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