Text me if you have any questions/comments for me.
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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...
Text me if you have any questions/comments for me.
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ACL
- Previous video analysis was done on 30 Sep - Suggested waiting for HH and HL formation before plotting entry (see blue drawings)
- Instead, the stock continued to show weakness and is now at the 4.35 support levels
- Any strong break of this support zone will constitute a structure...
ENTRY: 4.63
SL: 4.25
TP: 5.53
- ADX>20
- RSI<50,RSI<70
- Daily RS N/A
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS N/A
- Weekly FFI +ve
- Weekly MACD N/A
- Breakout of range on 26 Aug 2021 with high volume.
- Retraced with lower volume until 3 Sep 2021 showing possible buyers coming in.
- Breakout of range with high volume today. Would like for it to close above 4.63.
Text me if you have any questions/comments for me.
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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...
Text me if you have any questions/comments for me.
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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...
Text me if you have any questions/comments for me.
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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...
$ACL Australian Clinical Labs.. IPO $4 in May. Didn't go off with a bang, but register looks good, and now approach back to IPO level to test $4. MC $705M SOI 201M $acl.ax
