- ACI is down 30% from its March highs. That’s a rapid fall for just 4 months. ACI is now at long-term and medium-term support. Chart 1 shows that ACI is now at support from its 2-year uptrend line. ACI is also at support from its August 2021 breakout. ACI has a rallied from this support level 3 previous times in the past 12 months: OCT 2021, JAN 2022, and MAY 2022 (chart 2). The zoom chart shows that ACI is now facing resistance from its 4-month downtrend line. TPA believes that the long-term patterns will win the day and ACI will soon breakout (zoom chart).
