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fjack1928
May 26, 2023 6:10 PM

ACN Long Push Long

Accenture plcNYSE

Description

NYSE:ACN has broken out of a long wedge. Since it has just broken out, it may pull back and use the $280 price range as a support. The price target for NYSE:ACN is $340.67. There are two supporters for this price target. The first one is the reverse head and shoulders pattern it created, and the second is the wedge it broke out of. Both of these supporters are in favor of the $340.67 price target.

Comment

NYSE:ACN has pushed even higher. It is currently at $317.38 which is basically a half way point to the price target of $340.67.
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