ACTION CONSTRUCTION EQUIPMENT LTD Spotted:
Round Bottom.
Inverted Head and Shoulder
Ride the Breakout.
ACE
ACEUSDT Continuation Triangle4hr close outside of the blue triangle will be considered a confirmation of direction (still possible to go down of course). I am expecting continuation to the upside with a target of $1.
This is not intended as financial advice and is intended for educational purposes only!
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
