takemoreprofits
Long

Stochastic divergence at the breakout point of a falling wedge

NASDAQ:ACAD   ACADIA PHARMACEUTICALS INC
ACAD is at the breakout point of the falling wedge . The bigger pattern is an ascending triangle that you can see on the weekly chart. I think there is going to be some downside, but we should be able to get a quick pop right into earnings on 11/6. I do not want to hold into earnings . Either we get there before or we don't.

Buy: 35.62
Target: 36.68 - 38.40 (2.98% - 7.80%)
Trade closed: stop reached

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