#ACM is moving inside a descending channel on the daily chart. It has been rejected from the channel resistance and the Ichimoku cloud. If the daily candle closes below the daily MA50, it will likely retest the support zone and the channel’s midline. In case of a breakout above the channel resistance, the targets are:
🎯 $1.054
🎯 $1.249
🎯 $1.406
🎯 $1.564
⚠️ Use a tight stop-loss.
🎯 $1.054
🎯 $1.249
🎯 $1.406
🎯 $1.564
⚠️ Use a tight stop-loss.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.