ACN | Ascending triangle, Earnings
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Hi all,
ACN has done well out of it's ER from last week - growth numbers were solid and constant, and in general management has never really disappointed in its Strategy and Execution.
On the 1D chart, we can see an ascending triangle forming since the end of October 2020. This pattern usually skews to the Bullish side.
However, the double top @270$ gives us a level which we need to watch closely before confirming this bullish move. ~295$ price target by this summer if the stock reacts well and pops from this triangle to the upside.
Any thoughts? Please like and comment!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
ACN has done well out of it's ER from last week - growth numbers were solid and constant, and in general management has never really disappointed in its Strategy and Execution.
On the 1D chart, we can see an ascending triangle forming since the end of October 2020. This pattern usually skews to the Bullish side.
However, the double top @270$ gives us a level which we need to watch closely before confirming this bullish move. ~295$ price target by this summer if the stock reacts well and pops from this triangle to the upside.
Any thoughts? Please like and comment!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Nota
Breakout on Friday was a pleasant surprise! Blue skies ahead for this stock now.
Penafian
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