Wednesday, January 11, 2012 2:08:38 AM
Hi Abbs, nice to hear from you. Here is the ACTC daily chart:
The ACTC chart is depicting very overbought and topping-out CCI(3)and RSI(2), and Fast STO indicators with the Fast STO crossing negatively below its signal line. ACTC is in a very sharp 80 degree angle parabolic rise and can drop sharply and very fast at any time. All parabolic rises end up badly and head down hard and fast when the supply exceeds the demand. ACTC rose above and then closed at its 200 DMA, currently at .16. ACTC closed above its upper BB (Bollinger Band), currently at .14. IMHO, if ACTC closes below its upper BB it will generate a "BB sell signal" and potentially execute a reversion to the mean and head towards its 50 DMA currently at .10 and also its BB 20 DMA also at .10. If .10 is broken and ACTC closes below .10 then it potentially can head for the bottom of its BB bottom currently at .06.
If ACTC breaks out above .27 and especially above .30 them IMVHO it would have very limited resistance in getting to .40-just my guess. If the sellers come and dump on the news, whether good or bad, the downside of the ACTC parabolic rise will be in full force rapidly-all in my own opinion which can be wrong.
It is important to consider both ROI (Return ON Investment) and ROM (Return Of Money-your invested money. If a trader or investor has achieved 100% on their investment they can sell half and the rest of their investment will be free. None of my comments are intended as investment or trading advice in this post or any of my posts on the web.
I'm positive on ACTC and also very positively careful when trading any stock.
Good luck on your trades.
Cheers,
Bob-C
The ACTC chart is depicting very overbought and topping-out CCI(3)and RSI(2), and Fast STO indicators with the Fast STO crossing negatively below its signal line. ACTC is in a very sharp 80 degree angle parabolic rise and can drop sharply and very fast at any time. All parabolic rises end up badly and head down hard and fast when the supply exceeds the demand. ACTC rose above and then closed at its 200 DMA, currently at .16. ACTC closed above its upper BB (Bollinger Band), currently at .14. IMHO, if ACTC closes below its upper BB it will generate a "BB sell signal" and potentially execute a reversion to the mean and head towards its 50 DMA currently at .10 and also its BB 20 DMA also at .10. If .10 is broken and ACTC closes below .10 then it potentially can head for the bottom of its BB bottom currently at .06.
If ACTC breaks out above .27 and especially above .30 them IMVHO it would have very limited resistance in getting to .40-just my guess. If the sellers come and dump on the news, whether good or bad, the downside of the ACTC parabolic rise will be in full force rapidly-all in my own opinion which can be wrong.
It is important to consider both ROI (Return ON Investment) and ROM (Return Of Money-your invested money. If a trader or investor has achieved 100% on their investment they can sell half and the rest of their investment will be free. None of my comments are intended as investment or trading advice in this post or any of my posts on the web.
I'm positive on ACTC and also very positively careful when trading any stock.
Good luck on your trades.
Cheers,
Bob-C
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
