ACL @ 9 NOV 2021Text me if you have any questions/comments for me.
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ACL
- Previous analysis was done on 6 Oct (red arrow) - Suggested waiting for HH and HL formation before plotting entry
- Since then, the stock is forming a series of HHs and HLs
- A rebound of the short-term support would create a new Higher Low and provide a good setup for entry
- A successful rebound look to be around 4.55 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
ACL trade ideas
ACL @ 6 Oct 2021Text me if you have any questions/comments for me.
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ACL
- Previous video analysis was done on 30 Sep - Suggested waiting for HH and HL formation before plotting entry (see blue drawings)
- Instead, the stock continued to show weakness and is now at the 4.35 support levels
- Any strong break of this support zone will constitute a structure break
- Strategy-to-buy (DYOR) – Suggest waiting for HH and HL formation before plotting entry
ACL.ASX_Range Breakout_LongENTRY: 4.63
SL: 4.25
TP: 5.53
- ADX>20
- RSI<50,RSI<70
- Daily RS N/A
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS N/A
- Weekly FFI +ve
- Weekly MACD N/A
- Breakout of range on 26 Aug 2021 with high volume.
- Retraced with lower volume until 3 Sep 2021 showing possible buyers coming in.
- Breakout of range with high volume today. Would like for it to close above 4.63.
ACL @ 27 SEP 2021Text me if you have any questions/comments for me.
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ACL
- Previous analysis was done on 23 Sep - Suggested waiting for successful breakout of 4.60 levels accompanied with strong volume before plotting entry
- After last Friday’s gap up and quick retracement, I thought the stock would retrace to the short-term support again
- Today, the stock closed above the resistance with slightly above average volume
- Stock looks to be a bit far from short-term support -> slightly higher risk
- Continued price action above today’s high would be a successful breakout
- Increased trading volume would be another good confirmation
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest entry above today’s high if believe the stock is capable of forming new all-time highs
ACL @ 23 SEP 2021Text me if you have any questions/comments for me.
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ACL
- Previous analysis was done on 16 Sep - Suggested waiting for successful breakout of 4.60 levels before plotting entry
- Stock has been trapped in a band (moving sideways) for almost a month
- It still respects the short-term support -> good thing
- Stock has a lot of long shadows around the 4.60 resistance zone
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of resistance accompanied with strong volume before plotting entry
ACL @ 16 SEP 2021Text me if you have any questions/comments for me.
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ACL
- First time doing a written analysis on ACL
- Recently IPO-ed stock in mid-May – Has had some uptrends
- Had some obvious retracement around 4.60 levels
- Recently tested the short-term support and today, rebounded from there
- A successful rebound would see the stock rise above the resistance of 4.60 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting successful rebound before plotting entry
