Dear Traders,
ACB had another run yesterday at the opening but as predicted a huge sell off happened. I hope you followed my advice to not enter any trades yesterday.
We can see that ACB shows us a Bearish Divergence on the weekly chart. We got higher highs, but the RSI peaks showed us lower highs. Bulls are exhausted and we are now entering a consolidation period.
Any thoughts ?
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ACB had another run yesterday at the opening but as predicted a huge sell off happened. I hope you followed my advice to not enter any trades yesterday.
We can see that ACB shows us a Bearish Divergence on the weekly chart. We got higher highs, but the RSI peaks showed us lower highs. Bulls are exhausted and we are now entering a consolidation period.
Any thoughts ?
Feel free to join my new Discord Channel if you interested in talking to me and others about stocks, info and of course opportunities!
discord.gg/uGsZMS
Note
ACB's bulls didn't manage to stay above the 100 ema resistance after many failed tries.Let's presume that this selling pressure will stay like this, ACB will likely trace back to the 200 ema located at 11.93$
Note
Like predicted. A huge selloff occured.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.