ACASTI PHARMA INC - NASDAQ: $ACST Picking Its Head Up
Since breaking-out last October'18, ACASTI PHARMA INC - NASDAQ:ACST has been trading in a side-ways grind with no real progress towards higher levels to speak of. However, we've been monitoring the action closely for some time now and it appears that ACST may just be starting to pick its head up as evidenced in the Daily chart above.
With the stock trading above all of its important moving averages 20/50/200 DMA's, the technical picture remains favorable despite the lack of upside progress over the past 8-9 months.
While ACST requires further work, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead. In particular, should ACST be capable of clearing the $1.15 hurdle, such development may just ignite the stock and finally break free from its long slumber.
Thus, both investors/traders may want to put ACST front-and-center on their radars.
With the stock trading above all of its important moving averages 20/50/200 DMA's, the technical picture remains favorable despite the lack of upside progress over the past 8-9 months.
While ACST requires further work, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead. In particular, should ACST be capable of clearing the $1.15 hurdle, such development may just ignite the stock and finally break free from its long slumber.
Thus, both investors/traders may want to put ACST front-and-center on their radars.
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
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