We can see that the volume is decreasing, while price is rising, suggesting a decrease in demand. ACT chart also show us a negative divergence, when comparing price with ROC. The ADX is also showing a new higher peak. And as we can see in later 2023 a higher peak was made and resulted in a decreasing price; March 2024, the ADX failed to reach a new higher, and...
One of the largest ACT block trades of all time shows up to protect the gap on ex-dividend day. This was initiated on a dark pool and conducted as an " intermarket sweep " order. Whoever bought or sold here wanted to get their transaction done in a hurry. Where do we go from here? Does the gap hold, or do we fall in?
ACT is within a larger up channel and also a smaller down channel The down channel is about to break and the up channel will remain dominant This is good for price and I have plotted my price thoughts with the bars pattern tool on chart.
IPO intraday trading strategy idea The share price is rising and gonna continue this trend today. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price today. So I opened a long position from $20,68; stop-loss — $19,16; take-profit — $26,52/MOC price. Do not view this idea as a...
Leaning bullish, seems to be consolidation for another leg up.