ACN | Primed for a healthy pull-back
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*)
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.