Nov. 14 at 4:37 AM
$ACIW is currently trading at
$47.16, below its 30-day moving average (MA30) of
$49.66 and 50-day moving average (MA50) of
$50.33, indicating a bearish trend. The RSI of 36.13 suggests that the stock is approaching oversold territory, which could signal a potential reversal, but the overall market sentiment remains weak. The recent price action is confined between a 60-day high of
$54.28 and a low of
$46.61, indicating a tight trading range.
For a trade plan, consider a potential entry at
$46.75, slightly above the 60D low, to capitalize on a possible bounce. Set a stop loss at
$46.50 to limit downside risk. Target 1 can be set at
$48.50, aligning with the MA30, and Target 2 at
$49.50, near the MA50. This plan allows for a cautious approach while monitoring for signs of a reversal.
https://privateprofiteers.com
