patrik1470

Nice entry for ACLS - Demand + GP + VAL + divergences

Long
BATS:ACLS   Axcelis Technologies, Inc.
There is a very nice level to enter the trade on ACLS based on technical analysis on daily timeframe. I am currently waiting if it will bounce from this level or not. If it will bounce then it can be a really nice long.

You can see there some nice levels overlapping
  • Nice daily demand zones
  • Fibonacci retracement's golden pocket level
  • Value area low of this year
  • Nice divergences forming
  • Money flow starting to decrease

Also the fundamentals are looking very good for this company.

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