Stock: ACEN
Company: AC Energy Corporation
Support: 6.51
Resistance: 7.84


The stock plunged sharply during yesterday’s trading. It closed at 7.21, shedding -0.53 pts or a staggering -6.85%.

Indicators are unanimously bullish on the stock, but take note that its bullishness is showing deteriorating signs.

A downtrend candle formation called three crows is currently being brewed, with the last piece of the puzzle to be formed at today’s close.

Immediate support level patiently sits at 6.51, with resistance at 7.84.

Recommendation

Trade the range.

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