$ACX Based on the recent long liquidation of $5,529.4 at a price of $0.57945 for $ACX, it's important to approach this stock with caution. Here's a simplified breakdown to guide your trading decisions:

Buy Zone:

Demand Zone: Look for areas on the price chart where the stock has previously stalled or reversed upwards. These are known as demand zones, indicating strong buying interest.

Target Price:

Supply Zone: Identify areas where the stock has previously stalled or reversed downwards. These are supply zones, indicating strong selling interest. Setting your target price near these zones can help in capturing potential profits.

Stop Loss:

To protect against significant losses, consider setting a stop-loss order. A common approach is to set the stop loss at 5% or 10% below your purchase price. This means if the stock price falls to this level, your shares will be sold automatically to limit losses.

Additional Tips:

Moving Averages: Utilize moving averages to identify the stock's trend direction. If the price is above the moving average, it suggests an uptrend if below, a downtrend. This can aid in making informed buy or sell decisions.

Bracket Orders: Consider using bracket orders to automate your trading strategy. A bracket order involves setting a buy order along with two opposite-side orders: one to take profit at your target price and another to stop loss at your predetermined level. This helps in managing risk and securing profits.

Remember, trading involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

For a more in-depth understanding of supply and demand trading strategies, you might find the following video helpful:

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