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DeNomics
Sep 5, 2021 10:50 PM

ACDC battery tech consolidation  Long

GBLX ACDC ETF UNITSASX

Description

One of my favorite ETF's to trade on the ASX is the ACDC battery tech beast.

Its had a steady rise since the covid drop with over a 120% return so far, but we moved into a consolidation range with an upwards pressure since the start of the year.

We have had a few touches on either extremes of this range and im expecting it to break sooner rather than later.

Looking to add to my position if we get a chance around 91.50 again and then simply waiting for confirmation incase we get invalidation and drop through this HTF consolidation.

Bullish on the space for a while longer and the chart looks good for a push.

Comments
Mihai_Iacob
Best post!Thanks a lot
P_S_trade
Thanks for sharing
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