Posted On: 01/01/2014 4:46:16 PM
Post# of 2561
ACHN Daily Chart ~ Ranging Within a Channel but on Its Rising Support Line
ACHN has continued to trade within the channel which was established in late Nov and early Dec. It's also been holding its rising channel since early Nov. The stock is also trying to hold onto the MA7, 10, 16 and 20. I haven't re-entered ACHN after the last sale, but would actually like to see the stock test the lower channel line near 2.90. It's kind of in no man's land at the moment and could turn either direction. As I've noted in the past, a close with strong volume above 3.55 would indicate a possible move upwards to close the gap on the chart. GLTA
ACHN has continued to trade within the channel which was established in late Nov and early Dec. It's also been holding its rising channel since early Nov. The stock is also trying to hold onto the MA7, 10, 16 and 20. I haven't re-entered ACHN after the last sale, but would actually like to see the stock test the lower channel line near 2.90. It's kind of in no man's land at the moment and could turn either direction. As I've noted in the past, a close with strong volume above 3.55 would indicate a possible move upwards to close the gap on the chart. GLTA
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