Strong charts selling on earnings is the new trend this earnings season. Looking for a downside move to 132-131 Lance Ippolito Ceo of TradingCoachLance.com
I noticed this consolidation pattern on ACN.
First, I would like to state that I am extremely bullish as an investor on the company. However, this looks like a promising short term trading pattern.
The rough average of these consolidations since 2010 is 15%. A great return. Even the last two corrections (9.5% and 8.5%) were good.
For me there' are too much...
Using technical analysis from the public library, we can see that this stock shows signs of becoming bullish. I belive in the next day or two it will rise. This is purely for "pseudo trading", I am just tossing some ideas.
Remember how happy with myself i was back in 2010 when I closed out all my company shares on leaving. Stoked to get out around the highs of the year at about $42. Starring at them now at $115...
Yeah should have trusted in my ex colleagues and held them !
I am just starting to improve my knowledge and not at all advising to place any trades.
I think it is very good opportunity to go long since it has opened above the support line and also the technology has been consistently doing well.
A caution to take here would be that the following signal may be parallel to the current one before moving up, so a...
1. Buy call when closed price of ACN is higher the resistant line.
2. Stop when CVX is under support line
3.The exit target is 114.96 (3R : R ) R= (109.65-107.88=1.77)
Accenture looks ready to move higher, as it bounced off of trend line. Now, it is hovering around all key moving averages. Combine it withh strong market (yesterday it bounced again from active trend line) and that is how you get A+ trades. I am looking for potential move through $81 for additional gains. My mid-term target is $84.50. With stop below previous...
