Stock: ACEN
Company: AC Energy Corporation
Support: 7.12 / 6.60
Resistance: 7.34


ACEN has rallied for the third consecutive trading day and was able to notch a fresh all-time high of 7.34.

This has pushed the RSI deep into the overbought region. Meanwhile, the other indicators are mixed, with the DMIs showing strong buying pressure, and the MACD on neutral.

Some profit-taking may ensue moving forward since the RSI is already overbought.

Recommendation

Sell on rallies.

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