Posted On: 01/09/2014 12:06:40 AM
Post# of 2559
ACHN Daily Chart ~ A Close Above the Upper Resistance Line
After weeks of trending higher on its rising support line and hitting the ceiling of the top of the channel, ACHN finally broke above the 3.60s level. With a close of 3.75, the stock should now begin closing the gap up to the 7.00s with some resistance of the MA100 and 200 along the way. Congrats to those of you that entered under 3.00 and continued adding on the rising support line. And for those of you that were able to complete a few swing trades in the channel the stock was trending in, good work on some nice swings. GLTA
After weeks of trending higher on its rising support line and hitting the ceiling of the top of the channel, ACHN finally broke above the 3.60s level. With a close of 3.75, the stock should now begin closing the gap up to the 7.00s with some resistance of the MA100 and 200 along the way. Congrats to those of you that entered under 3.00 and continued adding on the rising support line. And for those of you that were able to complete a few swing trades in the channel the stock was trending in, good work on some nice swings. GLTA
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