Accenture Federal Services Wins Contract from U.S. Department ACN: Accenture
2018-10-03 06:59:00
Accenture Federal Services Wins Contract from U.S. Department of Agriculture to Build Cloud Solution Based on SAP HANA®
ACN 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 !
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
