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On Aug 18 we mentioned that ACTL was trading between a strong area of support and resistance, which was identified by using a Renko chart - a type of chart developed by the Japanese that comes from the Japanese word "renga" meaning bricks. This type of chart disregards the passage of time and is only concerned with price movement, which makes it easy to identify key areas of support and resistance. As you can see from the chart below, a black brick has just been placed below the key support level of $13.75. We'd expect to see ACTL drift lower until the bulls are able to push the price back above the support, which is now likely to act as a strong level of resistance.


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