AACAF's Possible revival pattern

28 дек. 2017 г.

AACAF Had been showing promise as a growing stock but recently showed signs of decline. Over the past week or so, the stock had begun to trade under the 13EMA and showed a spurt where it began to break the 13EMA but it then fell back underneath. Over the past few days the stock began to trade sideways showing a bullish trend but today’s close (12/28/2017), was a recovery from yesterday. This might be a good place to possibly sell off shares and/or short the stock if that is what you are looking for. The MACD shows that it will continue to trade on the bearish side but in the next 2 weeks or so we might see a bounce to the bullish side. Moreover, this might be a revival period, but as far as the various indicators go, i don't recommend buying into this stock until it goes into an ascending pattern. I am a new trader and looking to learn more, so any constructive criticism is welcomed!