ACN formed a head and shoulders pattern at the very top, it's been on a bull run ever since it was listed. It's due a big correction and it looks like it has began. Expect it to hit around 120 in the near future.
I found a decent looking long trade idea in the midst of a lot of red.
They don't have earnings for another month?
Nice Adam-Adam double top for an intermediate term play off of the most recent low, which is the completion of the pattern as shown on the chart.
Really just trying this pattern out to reference back to and posting to see if it works.
My WT Cross Strategy has alerted me to a buy signal for Accenture. (ACN), at a price of $165.40 using a 180-min time frame. My idea is to buy the dip, at price below $165.40. I will update when I get the signal to close the trade.
I am using the following parameters for this trade:
Channel Length - 1000
Average Length - 1
Average Length - 18
I have a...
times. Also, the stock broke out of the ascending wedge the last time. Another ascending wedge has formed. Will it break up again? Usually ascending wedge breaks to the downside. The oscillators show heavy overbought conditions.
ACN has been a strong uptrend on for the last 6 months. Prices are current consolidating between Darvas levels $145.75 and $148.60. In addition to the strong trend, the chart has a clear WAVE (34ema H/L/C) and Propulsion Dots.
Overall market trend is still up and with trend direction. Earnings will be report 12/21/17, so we will need to be aware of...