Hello traders,**DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. ACCENTURE is in a bullish trend a possible buy signal.
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Scenarion #1.0: Long after updating the minimum (137.3)
Optimal price for S:1.0
Long price - $146.9 (or lower);
SL - 135.9 (7.3%) - min;
TP/Fix - 179 (22%) - min.
P/R ratio - 3.0
P.S Will be updated in case of a high risk of falling below $136
Share your vision on this stock in comments below.
- Looking for reversal on ADX
- ACN oversold on stochastic after recent drop to $182
- ACN will likely consolidate for a few more days between support (blue) and resistance (yellow) before a breakout to the upside
- MACD and SAR are long
- Watch for Bollinger squeeze to trigger breakout
High Vol & High ROE Stock.
W RSI <25
Looking for Reversal to Mean higher.
Taking 185/180 Bull Put Spread.
with 190 Calls for directional bias Higher.
Nov Exp but aiming to Close in profit well before that...
Good Luck - Watch your $$$ RISK
...Any questions just DM me and I will try and answer them... Ryan
Support 188 - if this breaks down then it will be a new trend, but this is a strong support as of now w.r.t long term trend.
potential move-ups 196/202, there is a high probability of this bouncing of this support with 6% volatility.
best bet check is to check for 15min ORB either ways a short term call for now testing theory.....
![ACN: ACN - Weekly chart [11th to 15th May 2020]](https://s3.tradingview.com/q/QAIcK2Im_mid.png "ACN - Weekly chart [11th to 15th May 2020]")
![ACN: ACN - Daily chart [4th to 15th May 2020]](https://s3.tradingview.com/4/4mPxijYz_mid.png "ACN - Daily chart [4th to 15th May 2020]")
![ACN: ACN - Hourly chart [4th to 15th May 2020]](https://s3.tradingview.com/q/QeMkkkOQ_mid.png "ACN - Hourly chart [4th to 15th May 2020]")
![ACN: ACN - Hourly chart [27th April to 1st May]](https://s3.tradingview.com/j/JAkufnbL_mid.png "ACN - Hourly chart [27th April to 1st May]")
![ACN: ACN - Daily chart [27th April to 1st May]](https://s3.tradingview.com/o/Otl1jG6w_mid.png "ACN - Daily chart [27th April to 1st May]")
