Ah...the only people at a loss here are those who bought about 3 mos ago when it was like $28-29. Otherwise, Longs are doing great, some up as high as $21/share. Longs are making a TON OF CASHOLA SITTING ON THEIR HANDS. Newbies and shorts are doing all the heavy lifting.
This tells me most likely (lets say 60-75% chance- never say 100%. God has a way of B-slapping you when you say 100%) it will be moving higher. Shorts will be covering and more profits to be made. I would add on the dips here, if trading, sell new highs, But HOLD the major amount of shares for Big future sp increase.
In the long run you will be ok. Might get lower, but this stock will move higher as it approaches March.
Competition...nah...REAL competition would be a Drug that is near FDA approval after a Phase 3 trial that shows similar results as the Pima P3 trial in Parkinson's Disease psychosis. You have not mentioned these particular issues. So your " report " would be considered anecdotal at best. The results of a desperate short.
Darn those frigin Candlesticks. I admit I didn't think it would drop back into the 26+ range. but the candlesticks did say "Bearish". Still picking up more on the dip will prove profitable.
Short always looking for a negative angle.
ACAD will be $40 this year...so for those who just buy and hold , you can ignore this and accept any paper loss that may occur. But for traders, these numbers have some value. Short use them and are making a ton of money on you newbies. Could we bounce back up Monday, sure, but in general stocks on the decline tend to continue the decline. The stock has been in a down trend since it hit $26, I believe in late Dec. Good Luck....TA is just there if you want to use it. Ignore it if you wish , but its always a good idea to monitor the S&R numbers even if you are not watching the candlesticks. .