Posted On: 11/24/2013 5:51:18 PM
Post# of 2561
ACHN Daily Chart ~ Breaking Out from its Two Month Channeling Formation
Those that entered ACHN over the last few bounces of the bottom of the trading channel have done well swing trading the stock. As I mentioned to a few of you, watch for a break above the upper resistance line of that channel. It seems we got that on Friday. I would now look for a test of the next horizontal resistance point which is just above 3.80. Obviously, should the stock exceed that level, we'll begin talking about the possibility of closing the large gap. GLTA
Those that entered ACHN over the last few bounces of the bottom of the trading channel have done well swing trading the stock. As I mentioned to a few of you, watch for a break above the upper resistance line of that channel. It seems we got that on Friday. I would now look for a test of the next horizontal resistance point which is just above 3.80. Obviously, should the stock exceed that level, we'll begin talking about the possibility of closing the large gap. GLTA
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