ACW is a very intriguing share for me, it has so much potential yet the share price doesn't reflect it, it is priced if the there is a low probability of a decent outcome. Anyway for those of us that would like at a glass half full situation it appears on the weekly graph that we might have reached a potential bottom of the current down trend with support around 6.8 - 7,0 cents holding. We need confirmation.
On the daily chart it appears that the down trend is still intact and we haven't seen a break of the down trend as yet, hopefully this week it will happen. Tax loss selling pressure could have helped to accelerate the down trend. At least it appears that the second down trend channel has been broken with the sideways movement of the last 3 days. A move back to above 8,o cents on increased volume would be nice. Maybe still too early for a decent reversal. GLTA
ACW is a very intriguing share for me, it has so much potential...
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