| The daily and weekly EMAs are stacking beautifully. When we see this kind of alignment, it often precedes significant moves. The shorter-term EMAs are riding above the longer-term ones, creating that perfect bullish ladder we love to see. The Daily Squeeze We're seeing compression in the Bollinger Bands relative to the Keltner Channel - a classic squeeze setup. These patterns often precede explosive moves, and with ACN near its 52-week highs, this could get interesting. Recent Earnings Winner The stock popped 6% on its latest earnings report, showing institutional interest. But here's what's really interesting - despite this win, ACN is only up 5% YTD compared to the S&P 500's 25% gain. This underperformance could set up for mean reversion. Price Action Sweet Spot Currently trading near its 52-week high of $378.51, ACN is in that sweet spot where momentum traders start paying attention. The combination of strong earnings and technical alignment often creates the perfect storm for breakout moves. Your Action Plan Here's exactly what I'm doing with ACN: Current Position I put on Friday: - (2) ACN 1/3 $375 calls @ $2.65
- (3) ACN 12/27 $375 calls @ $1.35
My Game Plan: - Looking to build this position up to 10 contracts total
- Targeting $2+ for exits
- No stop set yet as I'm looking to add more on pullbacks
Why This Strategy: - The squeeze setup suggests we could see a strong move
- Multiple expiration dates give us some flexibility
- Building the position gradually lets us manage risk while staying in the trade
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