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!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

One Response to AC following an upward channel

  1. Kany Vic Perez says:

    any updates woth AC ?

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