ACN Long to the Resistance levelI am just starting to improve my knowledge and not at all advising to place any trades.
I think it is very good opportunity to go long since it has opened above the support line and also the technology has been consistently doing well.
A caution to take here would be that the following signal may be parallel to the current one before moving up, so a consolidation should be considered before entering
And finally, a good call should probably be at a break in either S/R, but hey, these are just my thoughts.
Please comment on your thoughts, as knowledge is what I am here to gain.
Thanks
ACND trade ideas
ACN trend bounceAccenture looks ready to move higher, as it bounced off of trend line. Now, it is hovering around all key moving averages. Combine it withh strong market (yesterday it bounced again from active trend line) and that is how you get A+ trades. I am looking for potential move through $81 for additional gains. My mid-term target is $84.50. With stop below previous swing low at $79 - this trade looks attractive from Risk/Reward point of view.
Check my previous idea in this srock in the link below