ACGL: Bulls Will Scramble
Fundamentals:
Its accumulation/distribution days have been terrible. Its company sponsorship rating is mediocre. However, its forward guidance is better than expected. Earnings were not as phenomenal as last quarter, but next quarter's earnings will be better.
....and price is struggling off the not-so-phenomenal earnings.
Technicals:
3 week tight range
Fake Weekly Bear Crown pattern zoomed in on a daily chart looks like a bearish H&S pattern that will fail.
Bullish Cup-with-Handle pattern
A short squeeze on ACGL will occur...
Daily stage 3 signal
Week:
Fake Weekly Crown
Conclusion:
Bears hopped in on the pessimism that flowed into this company and now they are in for a short squeeze. And, now this stock is up from its bear market lows, reaching near all-time highs once again. Shorts will cover and bulls will scramble to buy this stock.
Its accumulation/distribution days have been terrible. Its company sponsorship rating is mediocre. However, its forward guidance is better than expected. Earnings were not as phenomenal as last quarter, but next quarter's earnings will be better.
....and price is struggling off the not-so-phenomenal earnings.
Technicals:
3 week tight range
Fake Weekly Bear Crown pattern zoomed in on a daily chart looks like a bearish H&S pattern that will fail.
Bullish Cup-with-Handle pattern
A short squeeze on ACGL will occur...
Daily stage 3 signal
Week:
Fake Weekly Crown
Conclusion:
Bears hopped in on the pessimism that flowed into this company and now they are in for a short squeeze. And, now this stock is up from its bear market lows, reaching near all-time highs once again. Shorts will cover and bulls will scramble to buy this stock.
Nota
lift off!
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.