In Retrospect: AC

AC

AC moved with the market and went further below 457. It broke both the support line from 2002 and the 260day MA. However, thought it has moved back in an upward channel formation, the MAs hasn’t crossed each other’s path which is a sign that this stock is still bullish. Also as long as it does not go below the support line of the upward channel at around 300, this can still be considered bullish. RSI is current at 19, which very much oversold, but with the current bear market, RSI may still go further low.