ACN - Breakout or Pullback?
Accenture has been on a tear since the March lows. Long-term I am very bullish on this company for many different reasons.
We have a 4 year trendline it is approaching and I would expect some near term consolidation around that point. It is holding the 21 day EMA as support so I am looking for a break and for this to become resistance. We have a gap around $206-$210 which could be filled and that is where I will look to go long.
As always, I am not a financial advisor and this is not financial advice. Do your own research and formulate your own theories. Good luck!
We have a 4 year trendline it is approaching and I would expect some near term consolidation around that point. It is holding the 21 day EMA as support so I am looking for a break and for this to become resistance. We have a gap around $206-$210 which could be filled and that is where I will look to go long.
As always, I am not a financial advisor and this is not financial advice. Do your own research and formulate your own theories. Good luck!
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