ACIC Engulfing Price Spike, Long Uptrend Insurance

AwesomeAvani Updated   
BATS:ACIC   American Coastal Insurance Corporation
ACIC on the daily chart looks like a solid swing trade until at least the next earnings. The last

trading session had a hugh 10-15% move with a corresponding spike in buying volume.

The earnings report is about a month away. I will drill down to a 120 minute time frame

and look for bottom pivots from which to accumulate a position for the pre-earnings

run up. It is an insurance stock, a conservative financial services play which from the chart

looks safe with a good possibility of some gains in the upcoming month.

Yeah if you look at the chart carefully you will notice that ACIC did 8X in 2023.

Trade active:
Price action in consolidation for this long duration swing play.

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