In December of 2010 i made 88% off of short term trading of Advanced Cell Technology (ACTC). So out of boredom, i went back and took a look at how the speculative stem cell therapy company was trading. What i found was quite nice. Almost all of the technical inidcators suggested the stock was very oversold and was due for a turn around shortly. The day i checked, ACTC had a share price appreciation of 4%, further confirming the indicators signals.
Personally, i think the market as a whole is overvalued. But until more investors and traders, managers etc start to realize this, i see no reason not to take advantage of the irrational over-bullisness. The fundamentals of ACTC make out as well. When the Nasdaq rises in value almost always the OTC follows right behind it, so at this current point ill buy into this "rally", and realistically ACTC is one of the top stem cell companies on the market. Which means over bullish investors, or managers looking to buy some speculative investments may pick some shares of this company up for the potential of a high yield.
Every indicator above (Plus many more the free version of stockcharts wont allow me to use at once) shows that the stock is over-sold.
- All stochastic oscillators point towards ACTC to be oversold and to begin climbing into a upward trend.
- The DPO shows ACTC is due to turn north.
- What is a very good sign in my opinion is that the MFI (Money Flow Index) points to more equity in accumulation of ACTC shares to be climbing.
- More less all technical indicators suggest a buy.
What is of important notice is the Bollinger Bands have contracted very narrowly. When this happens, it almost invariably leads an equity from choppy sidesways trading to a breakout either upwards or downwards, and with all the technical indicators pointing towards ACTC being over-sold, i believe it will rise in price from its current .18 cent level to resting at .20 cents .22 cents top's in the short run.
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