#ACP new rising channel

#ACP - looks like a new rising channel could be forming. The previous move in this channel retraced 50% before moving up again. This current retrace has bounced off the 50% fib line today. If the pattern repeats the previous move then first target is between the 1.272 and 1.618 fib lines or 6p to 6.8p share price.
Trend Analysis

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