ACM is currently hovering around $0.562, just above the 7-day moving average ( at 0.560), but still pressed below the 25 and 99-day moving averages ( at 0.564/0.566) — the trend is slightly neutral with a hint of weakness. The previous spike to 0.698 has already pulled back, and it is now grinding in a low-volume range. The current resistance level is around 0.565-0.57 ( which corresponds to those two medium to long-term moving averages ). If it can break through the 0.60-0.62 level cleanly, it might be able to retest the previous high. On the support side, 0.54 is the first line of defense, followed by the previous low at 0.52. The trading volume has significantly cooled off after that pump, and it is currently slightly neutral with some selling pressure — for the trend to strengthen, we need the buying pressure to reclaim the medium to long-term moving averages.

ACM-0.75%
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