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ACCO

NYSE: ACCONYSE:ACCO is looking good on the Daily and Weekly. Prices are above the cloud and the TK just crossing above cloud (see highlighted green box) indicates a bullish move in the coming weeks. I have indicated two target levels to watch out. The nearest term target 1 at $14.45, and if cleared, target 2 at $16.15. RSI is fast approaching oversold territory and money flow (CMF) is falling so keep a look out for a small correction. However volume (OBV) is climbing and appears healthy so far and we might have enough steam to pull above to target 2. If market condition changes, a pullback to the 55 EMA, which is also at the 20 MA at $12.55 should hold. Otherwise a fall below $11.50 will invalidate this view.
NYSE:ACCO
by paper_value
Swing Trading strategy !! (A micro view on swing investing)Through out my time swing trading i have found that there are some desecrate tools and information i must look at in each equity before i make my final decision, certain criteria like Short interest , days to short , SQZMOM indicator along with a sweet chart that channels up. 1. it all starts at finviz where i search up stocks that fall under the lower priced Nasdaq equities, this is also the time i start to look for some nice setups on the chart. On the chart i mainly look for equities that are Channelling up. 2. i have filtered out the equities that don't have nice setups often charts that break the channel pattern, after this is done i start to look at the days to short on the Nasdaq short interest website. This is essential because if there was a big move down and a short share float of more than 20% it could mean that the stock is about to rebound 5-20%. it also makes the game much easier when you can now how many days those shorts have until they have to cover. 3. Once ive gone a little bit into the fundamentals and short interest i like to then look at that chart again, The indicator SQZMOM on trade view is one of my last type of analysis i do on the equity before i make a decision. As i have shown in the chart if there are 2 green momentum bars on the indicator it signals a buy entry , and once the green momentum bars start to fade it signals a Sell alert. 4. Usually i take profits at 5-10% as i have a stop loss at -5%., remember the key is to grow your account and scale it up so it might start slow. for example most people start of with a $1000 account so your first trades should be making $50 of profit as you scale it up Remember when you come into swing trading with a plan and prepared it becomes much easier to be successful in trading the equity. Its a marathon not a sprint
NYSE:ACCO
by GOVYTrader
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