Acacia Communications shares (NASDAQ:ACIA) are in a strong
trending mode. This is our first top-performing and recommended stock. While
there may be pauses and consolidations along the way, the market would
generally move northwards.
The market has been going upwards since May 2016, and it has
broken above the upper Trendline, going further upwards. The market is trying
to consolidate at the present, but it would trend further and further north in
the next several months.
The RSI period 14 is not below the level 50, which means
that bulls are not dormant in this market. Thus, Acacia Communications would
reach the distribution territories at 120.00, 130.00 and 140.00 in a
foreseeable future.
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
Super Trading Strategies: Super Trading Strategies
Buy and sell Neteller here; get funded quickly: www.ituglobalfx.com.ng
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