ACLS – break out

A disadvantage of being on holiday is missing some nice opportunities.

As stated before (here and here), I was watching ACLS for a break through the 1.8 resistance level. So, now it did.

The good is that the analysis is right (having a journal is a great learning tool)

The more difficult/bad now is answering the crucial question : get in or not at this level (2.2$ ?).

3 possible scenario’s :

  1. Further up, on good tech Q1 results (blue arrow) – medium probability
  2. a channel formation (red arrow) – high probability
  3. a pull back to test the 1.8$ as a support (light green arrow) : low probability; it is a strong break out


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