Hey all!
So ACN looks primed for a healthy pull-back after legging up since the beginning of March.
We can see a pretty indecisive range around the 290$ mark, which signalled a temporary top for this stock.
Furthermore, we can see this long-term rising wedge being tested, and a break-down could trigger a consolidation phase.
My best bet would be a very light 4-5% pullback to the 268$ range.
If this level doesn't hold, we could see a retracement down to the 200-day SMA around 250$, providing a nice 11% discount to current prices.
I will be adding at these two pivot points on the way down!
Any thoughts?
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
So ACN looks primed for a healthy pull-back after legging up since the beginning of March.
We can see a pretty indecisive range around the 290$ mark, which signalled a temporary top for this stock.
Furthermore, we can see this long-term rising wedge being tested, and a break-down could trigger a consolidation phase.
My best bet would be a very light 4-5% pullback to the 268$ range.
If this level doesn't hold, we could see a retracement down to the 200-day SMA around 250$, providing a nice 11% discount to current prices.
I will be adding at these two pivot points on the way down!
Any thoughts?
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.