ACLS UPDATE: Monthly, Weekly and Daily Analysis
FROM A DAILY PERSPECTIVE:
ACLS found support in my buy area. It is now in a bullish ascending triangle. Another interesting thing is that it has made a daily and weekly divergence pattern with volume and my other indicators (RSI, PVT, etc.), just as highlighted by the bulky RED marks on the chart. This means that there is a good probability that it will reach or surpass 2.94.
This further supports the monthly trend:
FROM A MONTHLY PERSPECTIVE:
ACLS pulled back and found support at the a 50% Fib level, into my Trading Zone and horizontal support. Then, this month it rallied from there. Volume looks good so far as well. From an Elliot Wave view, it looks like we are in the
beginning of Wave 3 on a Monthly Chart. Target is tentatively 3.69 for the end of Wave 3.
FROM A WEEKLY PERSPECTIVE:
Targets remain the same and are still intact: Target 3.69.
This further supports the monthly trend:
ACLS pulled back and found support at the a 50% Fib level, into my Trading Zone and horizontal support. Then, this month it rallied from there. Volume looks good so far as well. From an Elliot Wave view, it looks like we are in the
beginning of Wave 3 on a Monthly Chart. Target is tentatively 3.69 for the end of Wave 3.
FROM A WEEKLY PERSPECTIVE:
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
