$ACE is up 35.10% on the week, and the last 5 days of volume run 2.24x the 20 days before. That's not a one candle wonder.
Yesterday's high at $0.2049 got broken and is now acting as support. That's the level buyers defend when a move is real. The 30d is only +1.06%, so most of this is fresh and not a crowd sitting on old gains.
The screener scored it 9 out of 14. I won't dress that up as a 12. Daily RSI is 65 with a positive MACD histogram, so it's warm, not blown out.
$ACE trades at $0.2095 right now. If it holds $0.2049, I think it goes back for the $0.2378 swing high, 13.6% above spot. If it loses $0.2049, I'm wrong on this and there's nothing to defend. Anyone long is then holding a failed breakout.
Holding $0.2049 or losing it?
follow me for more calls like this.
Yesterday's high at $0.2049 got broken and is now acting as support. That's the level buyers defend when a move is real. The 30d is only +1.06%, so most of this is fresh and not a crowd sitting on old gains.
The screener scored it 9 out of 14. I won't dress that up as a 12. Daily RSI is 65 with a positive MACD histogram, so it's warm, not blown out.
$ACE trades at $0.2095 right now. If it holds $0.2049, I think it goes back for the $0.2378 swing high, 13.6% above spot. If it loses $0.2049, I'm wrong on this and there's nothing to defend. Anyone long is then holding a failed breakout.
Holding $0.2049 or losing it?
follow me for more calls like this.
