ACLS: DAILY Elliott Wave Analysis
The DAILY picture is the same as the WEEKLY picture that I posted. ACLS jumped channels. If we break out tomorrow above $2.68, then we should follow the BLUE channel up to $2.90 then pull back to $2.68 again. Or, alternatively, to $3.19, then pullback to $2.90.
Here is what I posted in the WEEKLY analysis of ACLS:
ACLS jumped channels; and, given recent catalysts, ACLS will follow Wave III up to $3.19 within the BLUE channel, then to $3.45, completing the Wave III.
The catalyst are the trend in earnings and growth of the fundamentals of the company passing under the radar of screener of not so not-so-astute traders and investors or others looking for a little more price action or need a little more fundamental confidence. It is both a great investment and a great company.
NOTE: Now, I put the small wave 3 around $2.90, however, the trend could be so strong that small wave 3 will be $3.19, where small wave 5 is. If that happens, then I anticipate that small wave 4 will be around $2.95, and small wave 5 to be at $3.35, which lines up with Wave III.
So, I am prepared to change my small wave measurement to reflect the health and mood of the wave of ACLS.
I don't predict moves, I just trade what is happening now and anticipate reoccurring patterns in price and volume of trades.
Here is what I posted in the WEEKLY analysis of ACLS:
ACLS jumped channels; and, given recent catalysts, ACLS will follow Wave III up to $3.19 within the BLUE channel, then to $3.45, completing the Wave III.
The catalyst are the trend in earnings and growth of the fundamentals of the company passing under the radar of screener of not so not-so-astute traders and investors or others looking for a little more price action or need a little more fundamental confidence. It is both a great investment and a great company.
NOTE: Now, I put the small wave 3 around $2.90, however, the trend could be so strong that small wave 3 will be $3.19, where small wave 5 is. If that happens, then I anticipate that small wave 4 will be around $2.95, and small wave 5 to be at $3.35, which lines up with Wave III.
So, I am prepared to change my small wave measurement to reflect the health and mood of the wave of ACLS.
I don't predict moves, I just trade what is happening now and anticipate reoccurring patterns in price and volume of trades.
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