ACB - Interesting set up here. A while back I had charted ACB as bearish with a gap below a triangle pattern quite some time ago. I usually dont allow wicks to hold a lot of weight when looking at charts but one user did reply that the chart had filled that gap with wicks which it indeed did. After a re evaluation look here some time later i feel that this cup and handle pattern that has formed is much more a telling story than the last observation and those "wicks" should act as the gap filler as I am quite bullish on this in particular set up with the sector being the way it is. As always, it can go either way but I am bullish here but sure would like the MACD to cross up!!! Will be watching closely!
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Wow! The gap i mentioned above that was just filled today and maintained this cup and handle formation was unreal. Made entry this morning and in serious profit already while this plays out!
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Everything seems to be holding the range of this pattern.
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It is breaking lower range of this pattern. On watch here.
Trade closed manually:
Broken the lower range. Closed
dafster