Just a prediction, but it looks like AC is capable of making a HS pattern.
If that could be the case, it could mean potential upside target to approx. $18-20 area for the right shoulder high in the short term.
This is if it could keep within the larger upside trend line.
Hopefully it doesn't break 15.70 on the downside. If the HS fails to complete and we break below, it could mean a return to March lows.
Caution: this is just an opinion, do not trade on this. My skin in this is worth a cup of coffee for 2 friends.
If that could be the case, it could mean potential upside target to approx. $18-20 area for the right shoulder high in the short term.
This is if it could keep within the larger upside trend line.
Hopefully it doesn't break 15.70 on the downside. If the HS fails to complete and we break below, it could mean a return to March lows.
Caution: this is just an opinion, do not trade on this. My skin in this is worth a cup of coffee for 2 friends.