ACN has been giving us text book price action recently.
Over the past couple months we have seen price consolidate in an ascending triangle / pennant formation. Breakout on the 11th March gave the stock momentum to trade to new ATHs through March.
It has since been forming a perfect bull flag.
If the stock can catch momentum again, I see upside to the 285$ range in the coming weeks.
Any thoughts?
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Over the past couple months we have seen price consolidate in an ascending triangle / pennant formation. Breakout on the 11th March gave the stock momentum to trade to new ATHs through March.
It has since been forming a perfect bull flag.
If the stock can catch momentum again, I see upside to the 285$ range in the coming weeks.
Any thoughts?
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Kommentera:
Breakout of the flag occurred yesterday!
Kommentera:
Very Overbought right now on all time frames, would love to see a bit of a correction before loading up again
Kommentera:
Oh and target reached much faster than I thought
