thedrtrader

ACHC long after double bottom in Hourly chart

Long
NASDAQ:ACHC   Acadia Healthcare Company, Inc
ACHC making a double bottom in the hourly chart and recently crossed above an important fibonacci resistance level
Even RSI has diverged, going long
But not offering that great of a risk to reward, preferred to take a smaller size

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.