Text me if you have any questions/comments for me.
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ACL - Previous analysis was done on 23 Sep - Suggested waiting for successful breakout of 4.60 levels accompanied with strong volume before plotting entry - After last Friday’s gap up and quick retracement, I thought the stock would retrace to the short-term support again - Today, the stock closed above the resistance with slightly above average volume - Stock looks to be a bit far from short-term support -> slightly higher risk - Continued price action above today’s high would be a successful breakout - Increased trading volume would be another good confirmation - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest entry above today’s high if believe the stock is capable of forming new all-time highs