kaptkoreatrading

ACB - UPDATE

Long
NYSE:ACB   None
Closer look at the daily. Look how it came down and filled the gap but also held support that was also support back in Mar of 2020. Was resistance in September and November. We closed the day with an inside bar bullish hammer....candles carry significantly more weight off of historical support resistance areas. Showing bullish divergence on the Mac D as well. Easy risk management with stop under the candle low / support level. Monthly looks absolutely amazing as posted earlier with a spring back above this support level then backtest of this level. This asset was $150.00 in October of 2018 !!! Fib retracement from high of mar 2019 could be upside targets of 59 - 118 This would also give us a higher low off of our Oct low .
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