ACEL - Go Long

Moniker: jmar
Symbol: ACEL
[X] Entry
Duration: Long Term
Direction: Go Long
Comments: TAT i think i might have found another one for you, , there has been a couple of big trades in the last 4 years for me, this year seems to be another one, could you take a look at this one thanks

ACEL is in the biotechnology sector and has shown huge volume bars as it breaks higher the past couple weeks. I've looked back over many years and I can't find anything wrong with this move other than we are catching it a bit late on this move. Support is about $2.4 and resistance around $4.5. With the momentum it has developed here it probably won't offer us a good entry point on a retrace prior to running higher unless we dive into it in which case it will pull back with a vengenace according to Murphy's laws.

I'd like to see some sort of trade near the $3 bar to get an entry near term. If that doesn't happen we'll just have to wait a bit longer and see how it continues to run and what kind of volume it exhibits. It is a nice find but we are a little late to join in right here.