ACX 0.00% $7.79 aconex limited

ACX Chart, page-768

  1. 1,380 Posts.
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    nice sp movement from acx since it bottomed at $3.00.
    the shorts are full invested and they will have trouble getting their holdings up above 20-25%
    but the traders who bought at the lows in the low $3.00s may well take some profit if it finds a lot of resistance around 4.00 and so it could drop back towards 3.50 for a while before taking another run at 4.00 in the next couple of months.
    nice buying volume recently.
    its a good long term hold so i wouldn't be selling if i held.
    i sold out my parcel that i picked up in mid 4s at 5.95 before it dropped so I'm looking for an entry point but only at a bargain so not above 3.50 sorry.
    good luck to all.
 
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