ACC challenging 2019 highs with high volume
ACC is currently challenging 2019 highs. July 20th 2021 printed a bullish engulfing candle and now volume is kicking in.
Notes:
* Earnings per share is expected to increase over the coming year.
* Making new 52 week highs
* Increasing volume coming in near resistance.
Trade idea:
* Look for a weekly close above $50.94 before entering
* A rejection from $50.94 could send the price to $50.30. So, if you're looking for a discount that would be a nice place to enter.
* Target for this would be the all time highs from 2016 of $54.43
Notes:
* Earnings per share is expected to increase over the coming year.
* Making new 52 week highs
* Increasing volume coming in near resistance.
Trade idea:
* Look for a weekly close above $50.94 before entering
* A rejection from $50.94 could send the price to $50.30. So, if you're looking for a discount that would be a nice place to enter.
* Target for this would be the all time highs from 2016 of $54.43
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