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Re: None

Tuesday, 01/07/2020 4:06:34 PM

Tuesday, January 07, 2020 4:06:34 PM

Post# of 1121
If one pulls up a daily chart with the moving averages, it looks like today, which was shaping up to be the 7th straight red day (the XBI biotech index was also showing 6 out of past 8 days in the red), instead saw a successful test of support right above the rising 50 dma (which was at 2.09) when ACST briefly dropped to as low as 2.12, and then the algo-driven bot-trading gave "permission" for the stock to finally move back up after that low was successfully re-tested.

Too bad some traders got nervous at the 2.50 area and sold off.

But i think ACST will surpass that level soon enough....

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