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Posted On: 03/12/2017 4:21:26 PM
Post# of 527
Hi Abduln, Acology's stock has been trading sideways because of the lack of interest at this time. When the stock reached .05 a few months back investors took profits and traded elsewhere. Because of that there was less trading than normal in both directions. When the PPS reflected .0181 the stock fell through its biggest resistance and a lot of investors jumped ship bringing the price down to where it's at now (.0165.) There was a major bid at .0161 last week worth over $101,000 who wanted shares obviously for the next leg up.
I'll state once again why i think this stock has an upside to .10 minimum. When $ACOL 's PPS reflected .05 the stock was on a rally of volume and constant news regarding expansion into he Canadian markets. We also received news on revenues being higher than projected which gave investors additional confidence.
Forward looking we're expecting Financials at the end of this month and projections that could show us that the CanadaHealth deal is still in the works. In order for this company to go crazy like it did a few months ago it needs news that will spark everyone's interest again. Take a look at another stock that's like this one: BMXC they released news regarding their 10q financials and ran from .015-.05+ for the first time in months. It's ACOLS turn and i think it'll run to new levels. Best of luck!
I'll state once again why i think this stock has an upside to .10 minimum. When $ACOL 's PPS reflected .05 the stock was on a rally of volume and constant news regarding expansion into he Canadian markets. We also received news on revenues being higher than projected which gave investors additional confidence.
Forward looking we're expecting Financials at the end of this month and projections that could show us that the CanadaHealth deal is still in the works. In order for this company to go crazy like it did a few months ago it needs news that will spark everyone's interest again. Take a look at another stock that's like this one: BMXC they released news regarding their 10q financials and ran from .015-.05+ for the first time in months. It's ACOLS turn and i think it'll run to new levels. Best of luck!
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