$ACE is down 45.7% in 24 hours on $102M volume. It tested the 7-day high of 0.378 early today before falling to the 24-hour low of 0.161.
The move puts ACE below its EMA20 (0.203) and EMA50 (0.199). With RSI at 40, there’s no immediate sign of reversal. The desk's read: any bounce to 0.20 would be a retest of the old support. It needs to hold above 0.16 to avoid testing the 7-day low of 0.0951.
Would you buy the dip on ACE below 0.17?
$ACE
The move puts ACE below its EMA20 (0.203) and EMA50 (0.199). With RSI at 40, there’s no immediate sign of reversal. The desk's read: any bounce to 0.20 would be a retest of the old support. It needs to hold above 0.16 to avoid testing the 7-day low of 0.0951.
Would you buy the dip on ACE below 0.17?
$ACE
