ACN looks to have run really hot over the past few days.
RSI is overbought (78) and the stock is trading almost 20% premium to its 200-day MA.
It is also at the top of a rising wedge channel that it has been charting since March 2020.
The stock has many areas of support to trade down to, 280$ being the strongest of the lot. I would be adding significantly if it were to trade down to this level.
Interestingly Volume has remained significant despite the ATHs.
I keep loving this name for long-term investment purposes.
Any thoughts?
Thanks!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
RSI is overbought (78) and the stock is trading almost 20% premium to its 200-day MA.
It is also at the top of a rising wedge channel that it has been charting since March 2020.
The stock has many areas of support to trade down to, 280$ being the strongest of the lot. I would be adding significantly if it were to trade down to this level.
Interestingly Volume has remained significant despite the ATHs.
I keep loving this name for long-term investment purposes.
Any thoughts?
Thanks!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
הערה
I keep being pleasantly surprised by the resilience of this stock..
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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.