ACIA possible short

Now could be a good time to short
Old support may be new resistance
Triangle trend lines converge soon pointing downward
Overall downward trend this past year

Setting the target price:
Daily range of about $1.25
Top of tomorrow's trend line at $39.80
Current price is $38.44
Todays high was $38.70
Today's low was $37.56
Resistance #1 at $38.90
Resistance #2 at $39.37

I'm shorting with a target price of $39.30

Kommentera:

Hmmm, I must have forgotten.