ACE is going down
ACE is long way for the uptrend and now ready to goes down. The stock came to its New Year Resistance and have a very hard time to pass through this wall.
With the Bearish Divergence, Multiple fault Big Volume breakouts and the Weak Momentum in Week graph, the stock could goes down for awhile.
The idea is to just short arond here and stoploss at 3.82 /OR/ wait for the breakdown the blue line at 3.60 and stoploss at 3.74 .
The first target price is its last base at the green line around 3.12
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