CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.
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Trade idea: ACX price in recovery

Aconex Limited is an Australian company providing project collaboration technologies to clients in construction and engineering.

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.
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Source: Bloomberg

In the growing infrastructure world of 2017, the ACX chart is looking interesting due to the breakout from the downtrend line.

The relative strength indicator (RSI) gave a “swing buy” signal last week.

The first resistance level at $6.80 would be the current price target, with a stop loss set at $5.00 – this week’s low.

ACX-chart

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CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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