Text me if you have any questions/comments for me.
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ACL
- Previous analysis was done on 16 Sep - Suggested waiting for successful breakout of 4.60 levels before plotting entry
- Stock has been trapped in a band (moving sideways) for almost a month
- It still respects the short-term support -> good thing
- Stock has a lot of long shadows around the 4.60 resistance zone
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of resistance accompanied with strong volume before plotting entry
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ACL
- Previous analysis was done on 16 Sep - Suggested waiting for successful breakout of 4.60 levels before plotting entry
- Stock has been trapped in a band (moving sideways) for almost a month
- It still respects the short-term support -> good thing
- Stock has a lot of long shadows around the 4.60 resistance zone
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of resistance accompanied with strong volume before plotting entry