UPDATE - ACL still falling like a rock to 20 cents

We unfortunately foresaw an ominous formation with ACL.

An Inv Cup and Handle on 22 September 2022 where the first trade analysis was sent.

The price broke below the Brim level and has been ever so slowly but evidently falling.

The downtrend remains strong with the price below 200MA.

And with no end of the bear market in sight, the target remains at 20cents.

As deriavtive traders there isn't much we can do to short or take this opportunity.

But hopefully it alarms bells for investors who think it's cheap to buy and believe it's reached the bottom.

Greed and Ego has no place for investors. There is no point to pick a bottom but rather buy when it's up and in a bull market.

Or else one gets emotionally and financially involves and ends up in a bad relationship for years on end.