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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