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Dummy Gapper Trade of the Day - Arch Coal, Inc. (Public, NYSE:ACI) email this discussion to a friend?

Wall St. Warrior (2) 
7 months ago

ACI from the Briefing.com gapper list, was an analyst downgrade. The first chart is the daily chart with pivot point. In analyzing the setup, I surmised that the 20 day EMA was a suitable target because there was no support between it and the daily pivot.The next chart is the 15 minute time frame which started to look very interesting as price and the down sloping 5 period EMA started coming together. There was a clear bear flag developing at the base of the daily PP (blue line). IMO, the...

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tags:  gapper, pivot point, base and break, bearish_flag
 
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