2waytrading

Bullish Diamond Bottom

Long
NYSE:ACI   Albertsons Companies, Inc
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2
This bullish diamond bottom may give this stock 50% upside move next 15 weeks. Though Volume was not above average Friday, no question Thursday was above average and we saw follow through Friday. I am not long but would love to initiate a long position if price either pulls back or opens flat Monday. If you decide to take a long position, please, make your stop loss at recent swing low with target price $11.20. Join us http://www.woowtrading.net

Comments

I was in it and got out yesterday for some profit. I do agree with you that it can breakout. However it will depend on how the market performs next week. I am suspecting a minor pullback in the markets before the next leg higher. So I am guessing ACI might come back down and setup for a better entry,
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