Good Afternoon traders/investors. Today i was to s
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First off: ACOL is a penny stock and has not moved down or below the .016 range in a very very long time. Many tickers that are penny stocks that come from the .00x range normally fall back below to that range after the run is over. Example is $EMSF which was alerted at .003 and ran to .0299 in a few days and came back down to the .007 range and then hovered in and around the .015 range until its next leg came off news. If Acologys stock truly wanted to go back below it's resistance levels it would've done it already.
Second: Acology is a real company with real products that i have reviews on my twitter page twitter.com/KyleDeel where i have discussed the quality and other important qualities that a product could possess. Not many stocks in this range can say they have sold over 1M units of a product since they've opened and the PPS will reflect that achievement very soon in my opinion.
Third: The chart is showing every sign that a breakout is ready to happen. Comparing the chart to how it looked before the original breakout is startling. It's nearly the same set up. The BB's are tight, there's news, and financials all around the corner just to add to the set up. All this stock needs is some volume and the rest will follow.
Fourth and finally: KSHB rumors of a buyout. I am not going to add any fuel to the flames here but there has been some crazy rumors floating around about a potential buyout by Kush Bottles ($KSHB) Looking at all the factors i am not ruling this one out whatsoever.
Forward looking statements: Acology's time will come again. The question is only when, how fast and how strong. The first big resistance is .02 and then .05. If those two points can be broken i think anything here will be possible. But for the time being it's all for entertainment. I have loaded up for the next run and am expecting this coming week to play a major role in the change in PPS. We're less than a month out from another set of Fins and more news along the way.
Best of luck to everyone here and please share your ideas on Acology here but keep it focused to $ACOL only.