A price action above 5.50 supports a bullish trend direction.
IFurther bullish confirmation for a break above 6.00.
The target price is set at 6.50 (just below its 50% Fibonacci retracement level).
The stop-loss price is set at 5.00.
The 200-day simple moving average might act as major support.
Remains a risky trade.
🐂 Trade Idea: Long - ACCO
🔥 Account Risk: 1.00%
📈 Recommended Product: Knockout / Option
🔍 Entry: +/- 5.57
🐿 DCA: No / Yes, up to or down to xxx.xx
😫 Stop-Loss: 4.75
🎯 Take-Profit #1: 6.39 (50%)
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no...
$ACCO has been in the $8 to $9 range for quite a while after their previous earnings. However, after their recent earning on Feb 15, they said that they have improved gross margins, an increase in sales, and reduced debt. This sounds good. So good that one of the directors bought 60,000 more shares at about 8.85.(He now holds 110,000) $ACCO fell below the lower...
ACCO trading within a pennant . Will enter when price is a little closer to the support or once it breaks out of the pennant with volume . If I were to enter at this price the stop loss would be over 5% which is too much for me. On Watch.
It doesn't get any better than this. 3 plus months of consolidation with a clear chart pattern horizontal resistance line. Stock held up pretty good in today's market reversal and sell off. Get this on you watch list.
ACCO is showing good consolidation and may be setting up for a breakout.
1. Not up 3 days in a row
2. Linear previous momentum leg
3. Stock is in early phases of an uptrend i.e. not extended
4. Has not had a significant breakout or breakdown during the consolidation phase
5. Consolidation is nice and clean with narrow range days, lower volume, and can even be...
NYSE:ACCO is looking good on the Daily and Weekly. Prices are above the cloud and the TK just crossing above cloud (see highlighted green box) indicates a bullish move in the coming weeks.
I have indicated two target levels to watch out. The nearest term target 1 at $14.45, and if cleared, target 2 at $16.15. RSI is fast approaching oversold territory and money...
Through out my time swing trading i have found that there are some desecrate tools and information i must look at in each equity before i make my final decision, certain criteria like Short interest , days to short , SQZMOM indicator along with a sweet chart that channels up.
1. it all starts at finviz where i search up stocks that fall under the lower priced...
