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ACHV a Biotech company after earnings
Achieve Life Sciences, Inc.
ACHV a Biotech company after earnings
By AwesomeAvani
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Updated
Apr 22, 2023
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Mar 19, 2023
ACHV on the 4H seems to be demonstrating a "High Bull Flag Pattern"
after a big uptrend to start the year. Earnings on Thursday 3/16 were
quite favorable.On the relative volume indicator Friday, May 17th
showed a paradoxical huge selling volume spike to finish out this week.
( I mislabelled this as upcoming on the chart)
Paradoxically, the last earnings report in November was poor but
resulted in strong upward price action.
The MACD histogram is at the zero line.
Will ACHV resume the uptrend after earnings? Was the selling volume
an institutional trader fake out to set up a lower price to buy call options?
According to Tip Ranks, the analysts give ACHV a high rating with significant
upside. See the link below
Who knows but this may be worth watching
for signs of
buying volume and accumulation to fuel bullish momentum.
Mar 19, 2023
Comment
tipranks.com/news/blurbs/analysts-are-bullish-on-these-healthcare-stocks-achieve-life-sciences-achv-liquidia-technologies-lqda?mod=mw_quote_news
Apr 22, 2023
Trade closed manually
ACHV broke out 50% after earnings- close the position and will take another 10 days before next earnings
ACHV
biotech
biotechnology
bullflagbreakout
bullflagpattern
earningsplay
Flag
Fundamental Analysis
highflagfct
Volume
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