ACCO Potential up until $6.39

🐂 Trade Idea: Long - ACCO

🔥 Account Risk: 1.00%

📈 Recommended Product: Knockout / Option

🔍 Entry: +/- 5.57

🐿 DCA: No / Yes, up to or down to xxx.xx

😫 Stop-Loss: 4.75

🎯 Take-Profit #1: 6.39 (50%)

🎯 Trail Rest: Yes

🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨

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Double bottom on the weekly at 4.27 with an ascending triangle formation. At 6.50 we can see the current neck line. First profit target should be slightly below at 6.39. Rest can trail and if we can jump above the 6.50 we could see some substantial upward potential.



Disclaimer & Disclosures pursuant to §34b WpHG
The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only.

Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
Ascending TrianglebullishpatternBullish Trend LinedailychartDouble BottomlongsetuplongtradenecklineSupply and DemandSupport and ResistanceTrend Lines

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