ACAD messed up somehow, probably an earnings miss on top of the rising wedge pattern it has been in for a long time.
Total width of rising wedge is 24ish and they can fall this width. A strong stock does not usually do the entire width.
Oversold and has broken through at least 2 strong support levels.
This is a wait and see for me and a wait until bottom forms which it has not
Total width of rising wedge is 24ish and they can fall this width. A strong stock does not usually do the entire width.
Oversold and has broken through at least 2 strong support levels.
This is a wait and see for me and a wait until bottom forms which it has not
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.