Very confident we can ride this to $44
The RSI is not bearish - not super bullish either
Moving Averages are bullish
I think this is trading in an Upper Wedge Pattern. After it meets $44 I will look to see it fall back down to $41 where it meets support and then after confirming support I will look to buy back in.
This is why i like this stock:
There is huge support line and the stock bounced at it today.
I like the candle becasue that shows how the candle is bullish and this is why im expecting a reversal over the next few weeks.
When you see three strongly down days in a row and then today a nice bullish candle, then you can say that the emotions shift from bearish to bullish.
ACC has put in 2 days of higher lows and 1 day of a higher high at support levels. This validates these support levels, which include an up-trending support channel, the 0.5 fib and the 200 day Simple Moving Average (SMA). A target @ $43 is appropriate which is the 0.236 fib level.