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Australian Clinical Labs LtdAustralian Clinical Labs LtdAustralian Clinical Labs Ltd

Australian Clinical Labs Ltd

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ACL trade ideas

ACL @ 9 NOV 2021Text me if you have any questions/comments for me. ----- ACL - Previous analysis was done on 6 Oct (red arrow) - Suggested waiting for HH and HL formation before plotting entry - Since then, the stock is forming a series of HHs and HLs - A rebound of the short-term support would create a new Higher Low and provide a good setup for entry - A successful rebound look to be around 4.55 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ASX:ACL
by Jerm88
ACL @ 27 SEP 2021Text me if you have any questions/comments for me. ----- 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
ASX:ACL
by Jerm88
ACL @ 23 SEP 2021Text me if you have any questions/comments for me. ----- ACL - Previous analysis was done on 16 Sep - Suggested waiting for successful breakout of 4.60 levels before plotting entry - Stock has been trapped in a band (moving sideways) for almost a month - It still respects the short-term support -> good thing - Stock has a lot of long shadows around the 4.60 resistance zone - R is borderline 10% - Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of resistance accompanied with strong volume before plotting entry
ASX:ACL
by Jerm88
ACL @ 16 SEP 2021Text me if you have any questions/comments for me. ----- ACL - First time doing a written analysis on ACL - Recently IPO-ed stock in mid-May – Has had some uptrends - Had some obvious retracement around 4.60 levels - Recently tested the short-term support and today, rebounded from there - A successful rebound would see the stock rise above the resistance of 4.60 levels - R is less than 10% - Strategy-to-buy (DYOR) – Suggest waiting successful rebound before plotting entry
ASX:ACL
by Jerm88