The spreads are whack on ACN but, I took out a credit spread with my 1:1 risk at 3% of my account. I am just looking for the spread to expire worthless so the spreads shouldn't effect me much.
The project is design to highlight potential support/resistance zones with the rectangles, but also a design of lower/higher probability of reach. The path of the white dots is projected to have a higher probability while the big blue polygon lower probability of penetration.
Marked level could be highly significant in the upcoming developments in this stock,...
Head and Shoulders seems to be forming on Accenture.
This pattern started on 11 December 2023, the price headed to a high at $386.00 and right back down again.
Now it has reached some semblance of support but could be forming a right shoulder.
If we see a price break, then it is likely for the market to drop all the way down to $283.
Medium Probability...
Accenture plc is a US multinational professional services company based in Dublin, specializing in information technology services and consulting.
This is my preferred setup which includes an upward trend and pullback toward the previous breakout level. I'm expecting a further consolidation before a potential resumption of the upward trend.
On March 22, 24, NYSE:ACN broke down its MA-50 on huge volume after earnings were out.
A breakdown below MA-50 on huge volume while the overall market is in uptrend is a sell signal.
I am not holding NYSE:ACN and I am not shorting it, have no plan to short it.
However if I bough it before, I will sell it now.
There are many lessons about stocks which...
ACN is currently exhibiting some short-term weakness, but the broader bullish pattern suggests potential for improved performance in the second quarter of 2024. The range between 330 and 350 could attract interest for potential buyers. A target around 410 is being considered, indicating a potential upside of over 20%
As the Dublin-based global tech services and consulting firm grapples with shifting tides, its recent fiscal second-quarter earnings report has left investors on edge. Despite beating estimates, Accenture's decision to revise its full fiscal year revenue outlook downwards has sent shockwaves through the market, prompting a sharp decline in Accenture ( NYSE:ACN )...
Uptrend
Getting a position on pullbacks has always been a good opportunity. You can see one of them in this chart and I suppose its a good one by setting a SL at about 372 .Next target has been shown in the chart.
Uptrend
ACN has a very clear and reliable trend with a reasonable corrections. After this candle, trigger has been issued and by setting a good SL you can get buying position on it. Next target will be about 400.
Accenture (ACN) has been rising within a Channel Up pattern since the March 15 bottom but recently entered a corrective wave to form the new Higher Low. This is in the form of a Channel Down pattern that heavily rejected the price yesterday on the 1D MA50 (blue trend-line). This rejection is dangerous as it turned the 1D MACD from a Bullish into a Bearish Cross in...
If you haven`t sold ACN here:
Then analyzing the options chain and the chart patterns of ACN Accenture plc prior to the earnings report this week,
I would consider purchasing the 315.50usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $9.10.
If these options prove to be profitable prior to the earnings release, I would...
Publishing to track accenture's chart.
Bottoming after a near-$50% drop. Running into support turned resistance while flagging.
SMA100/EMA21 turning, but RSI forming a divergence.
It is clear that there are signs of severe weakness in the current ascent, and this leads us to decline once again to the shaded area, so that wave 4 of Elliott base forms, from which the market maker and buyers enter strongly to make a new historical peak for the shaded area above.. Then we will update the market. Good luck
Note: the analysis fails if the price...
I believe that there is a WXY formation here in the early phases. We are onto Wave X. W=Fibtime 1.0 of Wave A, while we observe a running flat, classical for W,X,Y. Clearly confirmed pivot on the C of W wave impulse, thus expecting a downward zigzag now equal to or less than 1.0 fibtime of W. Yes, we are fans of "Mastering the Elliott Wave." Go have a read if you...
