Accor SA (AC - France) has completed B wave down in ABC wave correction pattern, where C wave is started moving up. Wave 1st of C already over and 2nd wave correction is on the way, so wait for it’s completion to get in to trade. But keep eye on invalidation level of 22.59 as stops, which is the low of wave 1 to invalidate the C wave In 4 hr chart it completed C...
Accor SA (ACC - France) is in ABC wave pattern zigzag from major low on 60 min chart. It is now 4th wave correction and go for one more high of C wave, which might cross the level of reverse the temporary trend. It has completed C wave down of WXY down wave. In weekly time frame, it is on complex correction and will extend it once it the upper new cycle will over...
Accor SA (ACCP - Paris) is moving down in WXY wave pattern. X wave was in triangle, which was over. Y wave was started moving down and broke the triangle, but wait for clear impulse down to get in to trade.
My most recent post was also about Accor(AC), and since the most recent news about Marriott I'm assured we have a long way to go. with Mariott now down with 65% which I estimate will bounce between 5-10%. this realistically still leaves room for another 10-20% drop for Accor hotels. take my news as you want, but Accor made big investment into buying another hotel...
It seems that as some other players in the Lodgement / Hospitality industry, ACCOR is not immune to market sentiment and investor scrutiny... where currently a LONG position with a reasonable entry is a good trade, but only until what seems to be a completion of a triangle wave E, where if my analysis is correct, there should be a massive SHORT opportunity to...
Accor is currently drawing over the last 2 years a splendid Head & shoulders figure. The decreasing trend of the RSI validate strongly the figure. Over 2017 our prediction model predict a decrease of the price of about 30%.
