AC following an upward channel

AC seems to be creating an upward channel with Bullish Harami Pattern. We saw this pattern on the base of the channel and as we notice the price move up after that. We can speculate that this will also happen again this time. Projecting our retracement based on higher highs and higher lows, AC may hit 560 per share on its way up before hitting strong resistance.

RSI or Relative Strength Index is still healthy at 46. Looks like we still have a lot of buyers to push this price up.

Caveat!

One Response to AC following an upward channel

  1. Kany Vic Perez says:

    any updates woth AC ?

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