Today we'll analyze the Stock ACC for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 28.70$ (03/26/08) to 26.92$ (04/14/08) a 1.78$ move
2- The current bullish trend started from 26.92$ at 04/14/08 and is currently trading at 28.25$.
3- The stock current support level is at 28.02 which is the 61.80% fibonacci retracement of the last 1.78$ move.
4- The stock current resistance level is at 28.70 which is the 100.00% fibonacci retracement of the last 1.78$ move.
5- According to ADX, the trend is currently bullish, which is getting stronger.
Short term chart patterns :
6- The Stock was supported by a support line, identified by two points: 26.92 and 25.16, and is currently supporting at 27.0554.
Mid term chart patterns :
7- The Stock formed Double Bottom Pattern at 25.16.
8- The Stock formed a 3.8$ height triangle.
Long term chart patterns :
9- The Stock formed Double Bottom Pattern at 25.16.
Conclusion:
ACC was trading in a bullish wave, which is becoming stronger .
Technical indicators and chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy .
Resistance Levels: 28.70, 28.92, 29.18, 29.44, 29.49, 29.54, 29.80.
Support Levels: 28.02, 27.94, 27.81, 27.74, 27.60, 27.58, 27.43, 27.34, 27.06, 26.92, 25.21, 25.13,.
Friday, April 18, 2008
American Campus Communities Inc (ACC) Technical Analysis
That's all for today ... thanks for reading the post,
come back soon for more updates,
use the search to lookup for more interesting stocks you might be interested in,
feel free to leave your comments on the post, or contact me
enjoy your online market trading!!
have a nice day,
Shadi
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