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ACB Bank: A Powerhouse for Value and Growth Investors?
Historical Analysis Suggests a Potential Breakout and Long-Term Accumulation Opportunity in ACB Stock
Examining ACB's historical monthly chart reveals a pattern of successful breakout from cup formations on two occasions. Based on this historical trend, a similar scenario is anticipated for the current third cup formation. Following the recent breakout, ACB is currently undergoing a correction phase, retracing towards two critical support zones highlighted in blue around the 15-24k range. These support zones present a compelling opportunity for long-term accumulation, aligning with the completion of Elliott wave 5 and preceding a potential corrective wave following ACB's target achievement.
Examining ACB's historical monthly chart reveals a pattern of successful breakout from cup formations on two occasions. Based on this historical trend, a similar scenario is anticipated for the current third cup formation. Following the recent breakout, ACB is currently undergoing a correction phase, retracing towards two critical support zones highlighted in blue around the 15-24k range. These support zones present a compelling opportunity for long-term accumulation, aligning with the completion of Elliott wave 5 and preceding a potential corrective wave following ACB's target achievement.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.