AC LONG
Don't know much about the news and it seems to me that the news will be already included in the ticker price already so I can only go by what I see...
1) The daily bollinger bands, or the moving averages if u will, the 20 (middle bollinger) and the 12 (blue line) have crossed below which is very bullish and that is when the jump happened to the upper bollinger with a pullback on Friday which is normal. Overall, bullish move.
2) The RSI has been creeping steadily higher and is in convergence so no reason to think a top was hit and the next resistance will be 60 RSI on the daily.
3) Bull Flag, with the 23 dollar level holding quite nicely which is a fib retracement of 50%, which is a bullish move in itself.
4) The overall fundamental analysis for AC overall for 2021 is Bullish and this is a discount i do suspect.
5) People worried about layoffs need look at Canopy Growth which has had a surge after the initial announcement of layoffs in Canada.
6) If this was wave one completed and wave 2 has just consolidated then wave 3 target is on the board with 34 dollars being close to 100% which seems perfectly reasonable if you ask me...
Sincerely,
Justin
1) The daily bollinger bands, or the moving averages if u will, the 20 (middle bollinger) and the 12 (blue line) have crossed below which is very bullish and that is when the jump happened to the upper bollinger with a pullback on Friday which is normal. Overall, bullish move.
2) The RSI has been creeping steadily higher and is in convergence so no reason to think a top was hit and the next resistance will be 60 RSI on the daily.
3) Bull Flag, with the 23 dollar level holding quite nicely which is a fib retracement of 50%, which is a bullish move in itself.
4) The overall fundamental analysis for AC overall for 2021 is Bullish and this is a discount i do suspect.
5) People worried about layoffs need look at Canopy Growth which has had a surge after the initial announcement of layoffs in Canada.
6) If this was wave one completed and wave 2 has just consolidated then wave 3 target is on the board with 34 dollars being close to 100% which seems perfectly reasonable if you ask me...
Sincerely,
Justin
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.