Go Nuke - good on you for posting the chart. However I don't think the head and shoulders is appropriate in this particular instance (in many stocks it is an excellent indicator) as there have been a lot of surprises and every time there is a new product you have a somewhat binary event to a large extent.
I think after the gap up two weeks ago the SP has been consolidating, as there are a lot of holders who have had enough and missed the recent $4 ps offering in Feb Mar. I think that ACR has just found support, and will continue to go up now that many of the sellers who are scared of missing out on a price around $4 have scampered.
I've just bought back in, after buying and selling in the days after that gap up, when the SP didn't keep going up. When there has been a gap up after really good news, if it doesn't keep going up, this kind of retrace makes an excellent opportunity to get in again. I think the kinds of growth numbers we are seeing now are extraordinary, and not the kind of growth you would see from an ordinary product. This is looking like a total hit to me. Maybe the next quarter's Axiron sales will change my mind - we'll see.
ACR Price at posting:
$3.85 Sentiment: ST Buy Disclosure: Held
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