Sane Minds

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Sane MindsAcadia Healthcare Company, Inc.BATS:ACHCbalinorAfter closing the previous idea with a massive 2X gain, I thought the stock would need to consolidate for a while... Last week’s quarterly earnings caused the price to drop sharply toward the $21.60 support level, testing the previous low. With incredible strength and surging volume, the price quickly rallied back under the $28.50 resistance, forming an extremely bullish weekly candle. Furthermore, the price has moved back above the volume cluster and the POC (Point of Control) indicated by the orange rectangle. A breakout of $28.50 on high volume will quickly push the price to fill the large GAP at $40 (green rectangle), before heading toward a test of $47. Updates to follow. If you appreciate my ideas, please leave a like