Well, second attempt, will this do?..From a weekly perspective,...

Well, second attempt, will this do?
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From a weekly perspective, ACW had a moderate gain, moved from 3.6 to 4.1. Volumes, normal, except on Friday. But that was good, the play back into 4s happened on Friday.
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So what is happening? Last week I had a long post around how things looks like changing around ACW trading. It started doing something different after 5 months. Last 5 months it was mid 2s to mid 3s. Last week it broke that pattern. Reached 4. But couldn't go higher. Started coming back. Question was? Was it a random stray by mistake or a planned activity? When it started coming down and reached 3.3, the likelihood of another test of 3 looked possible. But it held that. Played random for few days and then made a move on Friday.
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Personally, I had written how I had got out at mid 3s from mid 2s, second time I had done. When it reached 4 last week, I wrote I wasn't sure. I didn't buy. But when 3.3 was held, I bought back, but slightly higher. My average is 3.6. Last week I had asked if there is a strong fundamental news to propel it to highs. Thanks to those who responded. On paper it does not look, I mean very big one. But sometimes, some big players, they start taking position, before the big one. I am thinking its more of that, rather than a very big announcement next week or so. I follow price action more, as play numbers. The numbers looked good to me, so have got in.
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So what could happen next week? Last week was 4. This week 4.2. Also finished above 4. So all positive. Frankly, I don't know what is driving this. Is it that it is undervalued? Is it that some big news soon and some in the know? Is it that some big players are taking position? So unless one knows what is driving it, there is usually two plays. You buy and hold. And wait. Hopefully in the next few weeks or months, or even years, it pays back. Other is people like me who start playing short to medium trade (1 to 3 months) and become long only after that. General markets in US had a big drop on Friday. If general markets are tanking, I feel it can affect a lot of stocks, including us. So we have to hope SP 500 is playing the 5 to 10% drop it has done in last couple of years. From numbers perspective, 3.3 has set up a new low, so to hold that would be good. Upside, on 26th June 2024, it had a big jump of over 30%. Made a high of 4.2 and finished at 4.1. Within 3 weeks it reached 9.9. It didn't hold though. On Friday, what was the high? 4.2. Where did we close? 4.1. Is history repeating, June 26? All the best.