ACN trade ideas
$ACN with a neutral outlook after earnings release The PEAD projected neutral outlook for $ACN after a positive under reaction following earning release placing the stock in Drift A
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Cup and Handle Earnings 12-17 BMOEarnings tomorrow before market open..Cab be risky to buy before earnings. ACN is in a narrowing rising wedge pattern but has not broken bottom trendline, so pattern is not valid..yet Rising wedges can be bearish if that line is broken and represents disruption in supply and demand..
A lack of healthy pullbacks cause 2 lines that slope up abd converge at the apex.
Support at handle low and mid cup which is 229.10/Cup low is 210.42..
NV and OBV are high/short interest is low..
Cup and handle pattern targets are calculated using cup depth and fibonacci levels..American entrepreneur William J. O'Neil defined the cup and handle (C&H) pattern in his 1988 classic, "How to Make Money in Stocks.
O’Neil pointed to four stages in a cup and handle breakout:
The security posts a significant high in an uptrend that accelerated between one and three months prior.
The next pullback carves out a rounding bottom no deeper than the 50% retracement of the prior trend. This marks the "cup."
The next breakout attempt fails at the prior high, yielding a secondary pullback that holds near resistance, grinding out a smaller rounding bottom, which becomes the "handle."
The security returns to resistance for the second time and breaks out, yielding a measured move target equal to the depth of the cup.
Not a recommendation
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Short ACN (Accenture). Violation of Parabolic Advance I'm expecting a 70% decline from highs at least
all clear after $254see visible range with little volume dying down.
a retrace off the 78.6% fib back to 100%. after pushing past 100%, it's ~party time~
Accenture Federal Services Wins Federal Retirement Thrift InvestACN: Accenture
2020-11-19 12:59:00
Accenture Federal Services Wins Federal Retirement Thrift Investment Board Contract to Improve Retirement Outcomes for Civil Service and Military 401K
I Recommend buying !ACN Will Rise Next days
I Advais You To Keep it or double Your investment
The Target 1 : 246 USD
The Target 2 : 320 USD
StoopLoss : 220 USD
ACN Bullish 10/19A closing candle above a level will go to the next level.
Levels of resistance are: $233 - $235 = $239
I linked my idea from the previous week which went according to plan.
hopefully this week will be the same.
As always I look forward to your comments for or against this idea. Have a good week.
DAILY ANALYSIS of ACCENTURE PLC Hi friends
the daily chart of this market shows that it will experience with a high probability an uptrend in the coming days but also it is necessary to be vigilant of the change of direction
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ACN Short in Q4Accenture reached it's all time high $247.40
in September, but after earnings fell Q4 price
declined to $214. Price can follow this trend
down to $191.17 (Support by Fibo 23/all time).
But ACN gained some investments do there
positive expectations for the long term
AccensureChart looks like it is ready get even steeper and hit the 1.61 extension... fundamentally i really like this company. holding 2022 calls.
ACN: Rectangle BreakoutRectangle Breakout
TP1 =229
TP2 = 231.8
TP3 = 232.94
Thank you and Good Luck!
ACN - Breakout or Pullback?Accenture has been on a tear since the March lows. Long-term I am very bullish on this company for many different reasons.
We have a 4 year trendline it is approaching and I would expect some near term consolidation around that point. It is holding the 21 day EMA as support so I am looking for a break and for this to become resistance. We have a gap around $206-$210 which could be filled and that is where I will look to go long.
As always, I am not a financial advisor and this is not financial advice. Do your own research and formulate your own theories. Good luck!
