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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Trade idea: ACX price in recovery

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

ig_trading_floor_5
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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