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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.

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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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