Accenture went ALL IN into the ESG sustainability campaign which is -in my opinion- the best thing a company could do in these times. The chart looks really good, the uptrend is strong and it even gapped up after the recent ER. i'm expecting it to go higher and possibly a bit bubbly (at which point i'd probably exit)
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I am adding more at these levels (370) at market close today.
Trade closed manually
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So at this point i still believe this company is great and i believe the stock will rise more in the future but in the light of recent events (inflation and consequent monetary policy tightnening) i feel like it's not looking good for tech stocks in general. So therefore i am closing this and rotating the money into BAC that's pricing in hikes.
Thanks for this analysis. I'm shorting it though, because of too strong divergence with MACD.
lollerfirst
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@ButterDickinson, i suggest thinking twice before shorting uptrending stocks. There are a lot of stocks you could be going short instead like FB, PYPL, SFIX...
I'm shorting it though, because of too strong divergence with MACD.