• MACD line has almost crossed over the signal line, which is a bearish confirmation. The red vertical lines (+ve) also indicate that the price is decreasing.
• William Alligator indicator shows that the stock is currently at a bullish position as the candle sticks are above the teeth & lips. The lines are moving closer together with could be a bearish confirmation.
• The RSI is extremely overbought
Conclusion
Acia has been volatile lately and has experienced a huge spike in price. Due to that, we could expect a corrective pullback, and that is why a short position is taken. Entry price is set lower than current price for assurance.
• William Alligator indicator shows that the stock is currently at a bullish position as the candle sticks are above the teeth & lips. The lines are moving closer together with could be a bearish confirmation.
• The RSI is extremely overbought
Conclusion
Acia has been volatile lately and has experienced a huge spike in price. Due to that, we could expect a corrective pullback, and that is why a short position is taken. Entry price is set lower than current price for assurance.