ACRE: Double Bottom With Upside Move ?
With the slight uptick in interest rates-ACRE has digested previous gains.
There is a (thick black line beginning August 12th) with a possible upside move.
Please consider the positives in the chart of-ACRE.
1. Buy (green box).
2. CHOP line (below chart) sinking out of the shaded area, below 38.2, indicating a new TREND.
3. CHOP ZONE, below CHOP, is green, indicating up trend.
4. The , YOUR COMPASS, is feeding in the uptrend.
5. The (black) base line and (red) conversion line are both rising.
6. Prices are above both of these lines.
7. The three indicators on top are strong. The middle top indicator is-DMI, and the dominant move is green (up) and the black line (trend) is starting to rise. This confirms the below the chart.
In my opinion, this stock is a strong buy. Good luck to you. Don.