Multiple bullish signals on ACW. Big chart gap to fill @6.5Very positive signals on MACD and DMI . Momentum building nicely
Big chart gap to fill at 6,5c offering a 60% gain in shareprice.
A lot of consolidation has taken place below 3c in past 5 months removing the surplus overhang of shares from the previous capital raising.
ACW trade ideas
Finer Market Points: ASX Top 10 Momentum Stocks: 16 Jul 2024ASX:I88 NYSE:WTM ASX:AL3 XETR:DGR ASX:FBR ASX:ACW AMEX:TTT GETTEX:SKS ASX:3DP ASX:EZZ
Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.
The Launch Pad List is published weekly on Fridays.
Today's ASX's Top 10 Quarterly Momentum Stocks are:
Infinity Minerals (I88)
Waratah Minerals Limited (WTM)
AML3D Limited (AL3)
DGR Global Limited (DGR)
FBR Limited (FBR)
Actinogen Medical Limited (ACW)
Titomic Limited (TTT)
SKS Technologies Group Limited (SKS)
Pointerra Limited (3DP)
EZZ Life Science Holdings Limited (EZZ)
Shares in ACW are this morning trading up over 200%Shares in ACW are this morning trading up over 200% from their closing price yesterday. The company released an update regarding their Xanamem product.
The key points the company focused on in the release were.
- Statistically significant results demonstrate cognitive improvement in healthy elderly subjects dosed with 20mg Xanamem daily in the XanaHES dose escalation study
- Statistically significant reduction in serum cortisol following treatment with Xanamem 20mg daily
-Xanamem 20mg daily continues to exhibit a good safety profile with no serious adverse events observed
-Results significantly enhance the Xanamem dataset and help shape Actinogen’s drug development strategy for the treatment of Alzheimer’s disease and other neurological and metabolic
diseases associated with cognitive impairment
- Company to host a Conference Call on October 1st, 2019 (today) at 10:30am (AEST)
ACW UpdateOn the daily and weekly both charts on the MACD show some south ,movement while I was pasting up the head and shoulders.
I will be looking for a good buy in a day or two to jump on the ride north as soon as MACD start to show a change.
Looking for Tips and education so feel free to comment.
ACW possible reversal.ACW has put in the early stages of a reversal. Low rejected on good volume. Next few days will confirm this possible reversal. Good FA and expectation of results mid year should provide a good catalyst.
It appears some value is being seen at current share price. Interesting one to follow.