January 14, 2013

ACC Triangle breakout failure

  • ACC Shows a failed triangle in daily time frame. Price getting back into the pattern resulted in a quick fall.
  • Second chart shows price testing crucial support levels. Trading below 1351 stock could test the 200 Day SMA at 1320.
  • Last chart shows weekly time frame with fib levels and daily cloud which may act as support on a bigger fall.

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