Posted On: 01/04/2014 8:43:52 PM
Post# of 2561
ACHN Daily Chart ~ Trending Higher Though Still in Its Channel
ACHN is getting very close to breaking out of the 2.95-3.55 channel its been trading in. Just like the previous channel of 2.40-2.90, the stock eventually broke into higher levels and is still trending higher overall on the rising support line. This coming week, I'm expecting ACHN to break above the top channel line and begin an attempt to fill the gap into the 7.00s. The MA100 and MA200 are the obvious targets along the way. Holding this one and will add on a break above the channel line should the volume come in. GLTA
ACHN is getting very close to breaking out of the 2.95-3.55 channel its been trading in. Just like the previous channel of 2.40-2.90, the stock eventually broke into higher levels and is still trending higher overall on the rising support line. This coming week, I'm expecting ACHN to break above the top channel line and begin an attempt to fill the gap into the 7.00s. The MA100 and MA200 are the obvious targets along the way. Holding this one and will add on a break above the channel line should the volume come in. GLTA
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