Saturday, December 23, 2006

ACC
WILL IT SUSTAIN ABOVE 1000




This stock is recently resisted at 1088 which is the cluster resistence of the fall from 1192 to 910 (1084) and trying sustain above the 1017 which is 38.2% fibo support of 1192-910. And taking the little bit longer picture, a move above 1084 it'll kiss the 1192 which is all time high and below 1017 then it'll retest the low of 910. As of now the good thing is that it just closed above the 1036 which is the 50DMA, for further rally it need to stay above the 1036 mark. Daily RSI is graduaaly moving above te mid-point level to give the further strength. Ditto Daily CCI is also moving above the mid-point level. By looking into all this things one can go long in this counter with the targets of 1084 and 1192. Really i love this stock and surely i go long in this counter.