Wednesday, January 31, 2007

ACC
STRONG BOTTOM AT 1017






ACC is struck in the tight trading range between 1050 and 1015 for the last 4 trading session after the steep fall from 1100 to 1025. In the last 3 trading session this stock made a triple top at 1055-1052-1053 and similar 3 identical bottoms at 1019-1020-1017. Which suggest the key resistence and key support, either side breakaway it'll set the trend. By applying indicators it suggesting further downside is valid. Next key support comes at 992 which is the 61.8% fibo support of 910-1124.