Long
ACST - Gap Down Open at 0.57 Rally Back on Bulls Buying Gap Down
I expect a gap down open at 0.57 due to the bearish engulfing at close. The uptrend is still intact on the daily chart but If another bearish engulfing candle forms confirming the fall look for a swift return to the gap down open price of 0.57. That said I expect the bull volume to return on the attractive entry of 0.57 for another rally to test resistance at 0.62 and then 0.65. I do expect it to trade sideways and consolidate after the crazy volatility unless the bulls come back in force.
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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.