UPDATE ACL Profit target reached at R2.22Since the price broke abbove the W Formation and the Price went above above 20 and 200
THe momentum and buying just took off at an alarming rate.
So within ONE week, the price shot up to R2.21 which was even a surprise to me with the speed of the analysis.
So what now?
Now, it's in a dangerous area. The trend is so steep it can come down just as fast.
If the buyers have conviction they will drive the price sideways first before the next buy up.
But we'l have to give it some time before we decide.
