I am long with a half position around 60 looking to add more on pullbacks or as it cuts through 68
That's why I added today to my position at 65 already. I'm not quite sure if that was the right thing to do coz it averages my position as high as 62 and therefore the trades stays on risk. however, ACIA closed strong at its high and in aftermarket was trading even higher.
I want to see ACIA taking out the 68 resistance and be basing at this level. Then I would consider holding my entire positon through earnings. I expect that even if earnings are just in line, it would give ACIA another boost up. It is a great high beta stock with impressive growth and in a strong sector.
my target would be 80+ if earnings are good and I would be looking to add in this case