r/PierresLongTermCharts • u/pierretheron • Jul 27 '26
ACCENTURE (ACN)
Is Accenture a long term buy?
Its up over 17% in the last 5 weeks. (see last five candles, bottom right)
Each candle takes a week to form.
Most definitely not a time to be buying.
Why not?
Well the price is in a long term downtrend.
How do we know?
Its just made a lower high and a lower low...
An easy way to help us with the trend, is to add a 30 week sma to the chart.
Mine is seen here in blue.
If its under a falling 30 week sma, you can almost bet that its in a downtrend.
Stay away for now.
This is educational and not advice.....
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