The technical figure Triangle can be found in the Belgium company Ackermans & van Haaren (ACKB.br) at daily chart. Ackermans & van Haaren (often abbreviated as AvH) is a diversified group operating in four core sectors: Marine Engineering & Contracting (DEME, one of the largest dredging companies in the world - CFE, a construction group with headquarters in...
Here we are consolidating on the 61.8 fib forming a double bottom and if the 78.6 fib will be reclaimed we can see an inverted head and shoulders pattern that would confirm the continuation of the rising trend.
Take a look at the RSI to see if the consolidation happens in confluence with staying above 50%
*DISCLAIMER* I'm new to chart analysis since November...
Technical outlook:
ACKB.br bullish scenario:
We have technical figure Falling Wedge in Belgian company Ackermans & van Haaren (ACKB.br) at daily chart. Ackermans & van Haaren (often abbreviated as AvH) is a diversified group operating in four core sectors: Marine Engineering & Contracting, Private Banking, real estate and senior and energy and resources.The...
Technical outlook:
ACKB.br bullish scenario:
We have technical figure Falling Wedge in Belgian company Ackermans & van Haaren (ACKB.br) at daily chart. Ackermans & van Haaren (often abbreviated as AvH) is a diversified group operating in four core sectors: Marine Engineering & Contracting, Private Banking, real estate and senior and energy and resources.The...
EURONEXT:ACKB has been channeling sideways for about 520 days.
It has a strong resistance at 156. Currently in oversold territory (stock rsi), weekly and daily.
Thus why I'm short.
SL: 157.2
TP: 151.0
Entry: 155.5
