Traders are watching this Broadening Formation on ACN. Inspect the chart now.
Expanding volatility. Sign of instability.
Reversal pattern after a downtrend.
Technical analysis of Accenture (ACN) reveals a significant setup. The stock is trading at $127.98, down 17.97% on the day. Price action has carved out a classic Double Bottom. Volume is strong (6.08x avg) with high trend strength (68.1). A potential breakout level is identified at $198.0, targeting $270.4 with support near $161.8 (R:R 2.0).
What is your outlook on ACN?