Long
ACST - Big Upside If Close above 1.00
ACST is putting some serious pressure on the 1.00 resistance level a close above the 1.00 mark and we could see a serious run up to 1.80 without much resistance. I suspect we will see some profit taking at psychological price levels so be ready, but overall I think we have a chance to lock in a possible 76% gain but we are also nearing the top of a downward channel on the monthly timeframe so we will probably see a pretty intense reversal unless the company delivers some groundbreaking news.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.