January trade on technicals. Stop on local support trend line. Breakout from the larger wedge structure might prove interesting.
Caution. Potential 60% drop if we break the neckline of the h&s pattern.
Today the market confirm a start of a bear trend in ACC, the price can´t get trought the resistance.
Caution. Potential Head And Shoulders Top. The break of the neckline confirms it.
Are we gonna see higher Carbon prices because of Inflation? if that is the case, this stock is a friend for those who want to deal with inflation.
We've recently seen a huge price reduction in this assset. I believe the time is right for a new entry at ~11-12 area. Don't miss out at this chance. Good luck everybody!
RSI play: Long Above 50 RSI. See line. Twin 0.618 retracement and twice strong support on hourly 200 MA . Could see further movement up. But not long until support is retested on moving average or diagonal support line from September and RSI sees break from 50.