Downtrend to continue
I expect ACB to continue down tomorrow. It made a good push this afternoon but the bears beat it back down. Like APH I believe this stock will move with the bigger markets. The big move late in the day happened when the SPY was bought from 261-263. The Spy is trading sideways right now but could change for the better or worse. Overall the pressure on the SPY is down due to high bond yields sucking money from the market, fed inflation and tech stocks performing poorly. I think it has a date with 260.00.
ACB has Good support at 8.15 and Very strong support at 7.95 I would consider buying here however with a quick stop, if we lose that its a big drop to 7.37 and 6.90
ACB has Good support at 8.15 and Very strong support at 7.95 I would consider buying here however with a quick stop, if we lose that its a big drop to 7.37 and 6.90
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