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ACN/N trade ideas

Accenture tumbling down the hill. ACNI believe that there is a WXY formation here in the early phases. We are onto Wave X. W=Fibtime 1.0 of Wave A, while we observe a running flat, classical for W,X,Y. Clearly confirmed pivot on the C of W wave impulse, thus expecting a downward zigzag now equal to or less than 1.0 fibtime of W. Yes, we are fans of "Mastering the Elliott Wave." Go have a read if you have no idea what we are talking about here. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:ACNShort
by Rykin_Capital
ACN | InformativeNYSE:ACN Technical Analysis for ACN: If ACN breaks above the bullish line of 293$, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the first target price (TP1) could be set at 296$, while the second target price (TP2) could be set at 304$. Conversely, if ACN breaks below the bearish line of 285$, it may suggest a bearish signal, implying potential downward price movement. In this case, the first target price (TP1) could be set at 280$, and the second target price (TP2) could be set at 270$. Fundamental Analysis for ACN: ACN is a global consulting and professional services company known for its digital, technology, and operations expertise. With a strong track record and a wide range of clients across various industries, ACN has established itself as a leader in the consulting sector. The company benefits from a global presence, a diversified portfolio of services, and a strong reputation for delivering value to its clients. ACN's financial performance, strategic partnerships, and ability to adapt to technological advancements are important factors to consider when assessing its long-term growth potential. Additionally, ACN has a proven ability to navigate and thrive in dynamic market conditions. The company's focus on digital transformation, cloud computing, and emerging technologies positions it well to capitalize on evolving industry trends. ACN's strong financial performance, including consistent revenue growth and healthy profit margins, reflects its operational efficiency and effective cost management. Furthermore, ACN's robust client relationships and long-term contracts provide stability and recurring revenue streams. The company's commitment to innovation is evident through its investments in research and development, strategic acquisitions, and partnerships with leading technology companies. This positions ACN to stay at the forefront of industry advancements and offer cutting-edge solutions to its clients.
NYSE:ACN
by shkspr
Accenture Seems LongAccenture looking Good broken a falling resistance trendline on two hour time frame and price is sustaining above that trendline and giving a breakout only I am expecting a breakout retest of falling trendline if this will happen accordingly can go long in it for the target of 279 and 287 which is looking a Resistance for price and from below we can take a stop loss of 272 closing below on two hour time frame after the execution of above mentioned idea. KINDLY NOTE-: This is not and trade or investment advice. This idea is meant for learning. Invest your capital at your own risk. 𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 (AR)
NYSE:ACNLong
by AMIT-RAJAN
3
Long journey for ACN before recoveryACN growth has been fueled (just like many other technology stocks) by post-COVID "digitalization hype" in combination with quantitative easing. We have entered the period of rationalization some months ago and it will take up to 3y for the stock to gain a significant momentum (unless there is a dramatic economic/political event - i.e. end of the Ukraine conflict in which case the stock would be again driven by emotions rather than organic technology market evolution).
NYSE:ACN
by sykavka
Nimble long on Accenture. ACNThree soldiers confirm on otherwise up moving momentum that left OBOS area. Two goals are put with Fibonacci in mind, but also reflect the two possibilities of either being in a triangle or a more neutral channel. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:ACNLong
by Rykin_Capital
Another tech stock that will fall bigWatching stocks that haven't fallen as much yet, I found another potential stock to short. The company has an earnings report soon, which is likely to be worse than expected or just in line with expectations. If you look at the fundamentals, the company is still heavily overvalued and it's not clear why it's still worth so much. The technical picture on the chart is also points to a further decline: the downtrend on the weekly and the nearest strong buying zones are $140-160. I think that at the opening I will open a short position from levels of $270-300, SL $325, TP $150-160.
NYSE:ACNShort
by Heist_FlyZ