Potential Bounce Play On ACR?
Alsons Consolidated Resources, Inc. (ACR) may revisit its recent high of a little past Php2.00 in the very near term. As you can see from its chart, the stock has recently formed a southern long-legged doji that happened to occur at its support area at around Php1.80. If ACR can stay above Php1.75 then it may be able to rise back to Php2.00 or even to its high of Php2.04. On the other hand, a slip below Php1.75 may bring it down to Php1.60.
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