ACLS looking to break long term resistance at 24.00. Price is approaching the corner of a quadrant and has used the 0.236 fibonacci line as support. Stoch RSI reversing with room for upside, MACD neutral with room for upside, SQZMOM trending green. Price above MA's and already past earnings.
ACLS is completing an Inverted Head and Shoulders Pattern. It also formed a bullish piercing candle on May 1st on a 4-hour chart. Earnings are coming out on Tuesday, May 5th. I am anticipating good earning to be a catalyst to supporting this inverted head and shoulders pattern and moving prices and buying interest higher.
ACLS is making an Inverted Head and Shoulders Pattern ; seen on a daily and 4-hour chart: Step 1: ACLS broke out downward trend line and Step 2: made a high, Step 3: fell to the back of trend-line support, which is also at a 50% fib to 61.8%. Closed green with market indecision candle with higher volume that usual. Some would consider this a hammer because the...