ACN | Text book price action
ACN has been giving us text book price action recently.
Over the past couple months we have seen price consolidate in an ascending triangle / pennant formation. Breakout on the 11th March gave the stock momentum to trade to new ATHs through March.
It has since been forming a perfect bull flag.
If the stock can catch momentum again, I see upside to the 285$ range in the coming weeks.
Any thoughts?
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Over the past couple months we have seen price consolidate in an ascending triangle / pennant formation. Breakout on the 11th March gave the stock momentum to trade to new ATHs through March.
It has since been forming a perfect bull flag.
If the stock can catch momentum again, I see upside to the 285$ range in the coming weeks.
Any thoughts?
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Note
Breakout of the flag occurred yesterday!Note
Very Overbought right now on all time frames, would love to see a bit of a correction before loading up againNote
Oh and target reached much faster than I thought
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.