AC has been floating the 15s range for a couple of days after the gap down and sell-off.
Looks like it is forming a rounded bottom before the leg back up to MBB daily around the high 16s area.
Looks like a low-risk trade. The risk to reward is 1:3. The trend is not in favour but if we consolidated here and the move back up to daily MBB could happen fast!
Looks like it is forming a rounded bottom before the leg back up to MBB daily around the high 16s area.
Looks like a low-risk trade. The risk to reward is 1:3. The trend is not in favour but if we consolidated here and the move back up to daily MBB could happen fast!