A strong horizontal support has appeared within an up channel
This horizontal should remain and the channel should continue, as continuation is most likely.
If a breakdown occurs look for the channel to break before anything matters.
Some chart pattern can be Identified on chart, both wedges.
An uptrend can be drawn through the larger wedge
Allowing a support point to be found if price breaks down to 0.618 fib level (as indicated by bars pattern)
right on the support at 30, let's see if this holds ! should break above in direction of 40
Risk is the short level - not sure how this is by now, if anybody can help ? thanks !
Hey my friends, ACI WORLDWIDE is in a bullish push with large buy volume issued and hammer bull bouigie. TIMEFRAME M1 shows bullish continuity, so there is a good chance of hitting the last precedent above (See TIMEFRAME H4). But for the moment not enough buying push between strong resistance to pass. So it may have a fallback on the symbolic level of...
ACIW: ACI Worldwide, Inc.
2020-06-01 08:00:00
Conductor, Leading Brazilian Card Processor, Enters Latin America Acquiring Market with ACI’s Cloud-Enabled Solutions Powered by Microsoft Azure
I have kept this stock for a few months now based on the huge double bottom pattern shown on the chart. The last monthly candle as February is about to end is bullish and right on the DB support line with a very long bottom tail. I also can see this candle tail has touched the long term trailing support band. All these signals point to a "keep this stock" message...
NASDAQ:ACIW Inverse head and shoulder pattern that's been forming the past 7 months. It just broke the neckline and from 2/22 - present it has seen support at the neckline. dmi has been below 25 for 3 months and 11 days and the best trends begin after periods where dmi crosses back and forth under 25 for a significant period of time so a break over 25 could be...
