Text me if you have any questions/comments for me.
-----
ACL
- Previous analysis was done on 23 Sep - Suggested waiting for successful breakout of 4.60 levels accompanied with strong volume before plotting entry
- After last Friday’s gap up and quick retracement, I thought the stock would retrace to the short-term support again
- Today, the stock closed above the resistance with slightly above average volume
- Stock looks to be a bit far from short-term support -> slightly higher risk
- Continued price action above today’s high would be a successful breakout
- Increased trading volume would be another good confirmation
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest entry above today’s high if believe the stock is capable of forming new all-time highs
-----
ACL
- Previous analysis was done on 23 Sep - Suggested waiting for successful breakout of 4.60 levels accompanied with strong volume before plotting entry
- After last Friday’s gap up and quick retracement, I thought the stock would retrace to the short-term support again
- Today, the stock closed above the resistance with slightly above average volume
- Stock looks to be a bit far from short-term support -> slightly higher risk
- Continued price action above today’s high would be a successful breakout
- Increased trading volume would be another good confirmation
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest entry above today’s high if believe the stock is capable of forming new all-time highs