Alliance Creative Group Inc (ACGX)

[llessurK]

ACGX trades, Thursday 05/01/14:

.0053 = 100,000 ($530.00)
.0055 = 600,000 ($3,300.00)
.0056 = 200,000 ($1,120.00)
.0058 = 597,619 ($3,466.19)
.0059 = 30,600 ($180.54)
.0060 = 1,455,915 ($8,735.49)
.0061 = 2,523,309 ($15,392.18)
.0062 = 3,234,603 ($20,054.54)
.0063 = 1,226,000 ($7,723.80)
.0064 = 894,600 ($5,725.44)
.0065 = 5,484,705 ($35,650.58)
.0066 = 663,115 ($4,376.56)
.0067 = 333,000 ($2,231.10)
.0068 = 322,885 ($2,195.62)
.0069 = 1,102,300 ($7,605.87)
.0070 = 521,157 ($3,648.10)
.0071 = 264,099 ($1,875.10)
.0072 = 620,500 ($4,467.60)
.0075 = 11,000 ($82.50)
.0076 = 95,300 ($724.28)
.0077 = 55,000 ($423.50)

Total Volume for 05/01 = 20,335,707 ($129,509.00)
Day High = .0077, Day Low = .0053, Close = .0069

ACGX - Volume & Price Data (previous 50 sessions) from DDAmanda:


I agree with subs. That quick drop to .0053 was a fluke. All trades under .006 occurred within the last 5 minutes of the trading day shortly after a 2 million share sell order was placed on the ask at .007 (ATDF). MMs dropped it down quickly and took out a few stops. Only $8,596.73 out of the total $129,509 dollars traded under .006

Price bounced off (March 18th) previous resistance price of .0053 (now support) and that .005 area is what needs to hold here, imo:



ACGX was up +547% YTD when the price hit a new 52-week high of .011 on 04/21. It's not unusual to see a -50% retracement after a stock has climbed +200% or more. It is in fact, necessary for any long term trend to continue. Also notice the lower volume on this pullback.