Support should hold for ACR to continue going up
ACR broke the 2.04 resistance last week as it close at 2.14. This resistance becomes our newly found support. Since our RSI or Relative Strength Index is already at the overbought level, expect some selling pressure but if the support will hold then ACR will continue to go up and deliver new high. Its retrace to 38.2% Fibonacci Retracement level means there is a potential it will go up to 2.50 per share. Again, monitor the support level.
More from my site
Latest posts by felix (see all)
- Philippine Stock Market – Update on selected stocks 4/21/2017 - April 23, 2017
- Philippine Stock Market – Update on selected stocks 3/31/2017 - April 1, 2017
- Philippine Stock Market – Update on selected stocks 3/17/2017 - March 19, 2017