Accenture turning down for the worst to $283

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
Price<20
Price>200

Target $283

POSSIBLE PROBLEMS:

Shift in Demand:
There may be a shift in demand within the services offered by Accenture, with clients possibly prioritizing different areas of investment due to changing market conditions​

Operational Challenges:
Any operational challenges or inefficiencies within Accenture could also lead to increased costs or reduced profitability, affecting share price​

Strategic Investments and Acquisitions:
While Accenture has been active in acquisitions aimed at expanding its capabilities and market reach, the initial costs and integration challenges of these ventures could impact short-term financial performance, affecting investor perspectives​