The point and figure chart has just established a new price target of $39.50. It is about to break out of a humongous base building period extending back to January of 2004. The base is 27 collums wide, the most extended base I have seen in this stock.
old guy I seem to remember you had a P&F prognosis from a couple of years ago that predicted $20 or so, but I cant find the message. Do you remember approx when you posted that and what the P&F prediction was?
At my age I can't remember what I posted yesterday. While I used to (BC) keep these charts by hand, (before computers) I now subscribe to Tom Dorsey's service. He wrote the best book on the subject and maintains the best internet page. He allows a couple of weeks free for those interested. He is at www.dorseywright.com
Remember, TIME is not a consideration for this chart. You need to use another indicator to to concur to rely heavily on the point & figure chart. I use the Bollinger bands (which currently is also positive on ACO.) The IBD stock checker score is now at 96 (A). There are many current positive signs for this stock. Their Indian joint venture is listed on the Indian National exchange and its stock price is soaring, passing 1100 rupees this week from 700 a few months ago. I do not see how this soaring asset shows up in their balance sheet. Is it simply a "hidden" gem?