ACI reporting earnings of 0.75 (+0.11) with another earnings beat.
Strong technicals show a good bounce from an initial gap down.
● Bouncing from the 50 and 100 MA zone
● Bounce from 0.5 Fibonacci level from the January low to March high
● Gap down to fill. A similar gap down was observed and filled at the end of march
● Gaps are also nicely positioned between Fibonacci pivot points.
TP1 @ 35
TP2 @ 38
TP3 ATH
Strong technicals show a good bounce from an initial gap down.
● Bouncing from the 50 and 100 MA zone
● Bounce from 0.5 Fibonacci level from the January low to March high
● Gap down to fill. A similar gap down was observed and filled at the end of march
● Gaps are also nicely positioned between Fibonacci pivot points.
TP1 @ 35
TP2 @ 38
TP3 ATH