After trying to break out from its down tred,
ACST
now in rather sideways movement. Clearly price level 300 was being tested several times before the price plunged down to 220 on 23th August 2021.
The interesting thing is, after that date, price movement is going up; with several corrections along the way. As you can see each time the price was corrected, it was followed by weak volume. The candle was not trying to make lower low, but rather higher high.
Today, 6th September, with positive MACD, the price heading up, with also previous correction was followed by weak volume.
As per 6th September 2021:
The interesting thing is, after that date, price movement is going up; with several corrections along the way. As you can see each time the price was corrected, it was followed by weak volume. The candle was not trying to make lower low, but rather higher high.
Today, 6th September, with positive MACD, the price heading up, with also previous correction was followed by weak volume.
As per 6th September 2021:
- Close price at 268
- S1 264
- S2 234
- S3 208
- R / Target 300. Would be nice if 300 can become support.