AKRO is near the end of it's accumulation period
I've been keeping a close eye on Akro for the last 12 months.
The volatility has been low compared to bull markets and the rallies have been short lived during that period.
Trading accumulation periods is tough, mostly because you end up having capital tied up for un-known periods of time.
Now however, the market is showing strength across the board and the rallies may extend for prolonged periods of time. In fact most of my targets on low market caps are placed around the 3.16 and 4.16 fib extensions from the bull market peak.
On this daily chart we can see that the selling pressure is starting to diminish as the price continues to make it's way through the exponential averages.
Win, share, educate.
The volatility has been low compared to bull markets and the rallies have been short lived during that period.
Trading accumulation periods is tough, mostly because you end up having capital tied up for un-known periods of time.
Now however, the market is showing strength across the board and the rallies may extend for prolonged periods of time. In fact most of my targets on low market caps are placed around the 3.16 and 4.16 fib extensions from the bull market peak.
On this daily chart we can see that the selling pressure is starting to diminish as the price continues to make it's way through the exponential averages.
Win, share, educate.
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