The last time we analysed AKRO was on the 5th of May where we had a Short set up which played out perfectly. We are not at the lows and looking for entry reasons to buy.
We have a descending trendline which we are monitoring closely for a break. If we fail to break the descending trendline, we could go down to make a double bottom.
The important level to note is the 0.035 level where we have our structure point. Once we pass that point, it could be a full blown bull run to all time highs!
Akro has had numerous break and retests in the past so it's possible we may see a break and retest once we break the descending trendline and again when we pass the 0.035 level. Keep a close eye for breaks and retests!
We have a descending trendline which we are monitoring closely for a break. If we fail to break the descending trendline, we could go down to make a double bottom.
The important level to note is the 0.035 level where we have our structure point. Once we pass that point, it could be a full blown bull run to all time highs!
Akro has had numerous break and retests in the past so it's possible we may see a break and retest once we break the descending trendline and again when we pass the 0.035 level. Keep a close eye for breaks and retests!
