Well I said last time I'd rather be in a stock with a positive MACD not negative....and its just about there.
There was a divergence with the MACD when the sp hit $2.70 - $2.80 which indicated a change in sentiment.The MACD is now almost positive. Breaking through $3.00 was also a positive and it appears on the P&F chart that the downtrend might have been broken.
The 200 day MA has been breached though it would be more reassuring to see the sp hold that level. The OBV and acc/dis have yet to change direction upwards but these are lagging indicators.
I think you will see a possible retest of $3.00 but still a little early for me. ( Risk/reward is entirely personal ) Its looking better today than it has done over the last few months that's for sure :)
Goodluck DYOR
ACR Price at posting:
$3.29 Sentiment: LT Buy Disclosure: Not Held
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