ACN Bullish Trade SetupI found a decent looking long trade idea in the midst of a lot of red.
They don't have earnings for another month?
Nice Adam-Adam double top for an intermediate term play off of the most recent low, which is the completion of the pattern as shown on the chart.
Really just trying this pattern out to reference back to and posting to see if it works.
CSA trade ideas
Buy Alert for ACNMy WT Cross Strategy has alerted me to a buy signal for Accenture. (ACN), at a price of $165.40 using a 180-min time frame. My idea is to buy the dip, at price below $165.40. I will update when I get the signal to close the trade.
I am using the following parameters for this trade:
Channel Length - 1000
Average Length - 1
Average Length - 18
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I have a Pro+ subscription for Tradingview, so this gives me access to more data than someone with a free or even a lower tier sub. More data should enable me to construct a more robust model, so your mileage may vary if you are trying to use this strategy for a free account. Please use caution, and be advised. Good Luck All!
ACN Breakout TradeACN has been a strong uptrend on for the last 6 months. Prices are current consolidating between Darvas levels $145.75 and $148.60. In addition to the strong trend, the chart has a clear WAVE (34ema H/L/C) and Propulsion Dots.
Overall market trend is still up and with trend direction. Earnings will be report 12/21/17, so we will need to be aware of volatility and be prompt in taking profits.
I will play a breakout of the upper Darvas level at $146.70 to a measured move first target of $151.45.
Buy Jan18 150 Call options at $3.70 OBO.
Consolidation pattern on ACN ?I noticed this consolidation pattern on ACN.
First, I would like to state that I am extremely bullish as an investor on the company. However, this looks like a promising short term trading pattern.
The rough average of these consolidations since 2010 is 15%. A great return. Even the last two corrections (9.5% and 8.5%) were good.
For me there' are too much current uncertainty to neither go long or short but a bullish run up could constitute a short opportunity.
What is your point of view ?
Accenture - retrolicious ... 1st trade ever !Remember how happy with myself i was back in 2010 when I closed out all my company shares on leaving. Stoked to get out around the highs of the year at about $42. Starring at them now at $115...
Yeah should have trusted in my ex colleagues and held them !