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  • Writer's pictureT. Livingston

ACMR Emerges from a Flag Pattern

Updated: Nov 16, 2021

ACM Research, $ACMR, has emerged from a flag pattern. This stock exploded higher from $35 to $70 and then went sideways for the next eight weeks. During this time, it never lost its 10-week moving average which is very impressive considering it doubled so quickly. This is a smaller and very volatile stock with the potential to move upwards towards $100. When I trade in this type of stocks, I like to take a reduced position with a wider stop loss due to the increased volatility. Regardless of how much I like a stock, I always remember to keep risk management as my number one priority because I know anything can happen in the stock market.

Full Disclosure: ACMR is a stock I currently own.

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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