Mar. 20 at 11:30 AM
$ACN — Don’t Trust the Head Fake
👉If this is helpful to you, tap @NasdaqKnight
Price:
$203.55 (+4.30% post-earnings)
Range:
$187 →
$207.98 intraday (20-point rip)
Gamma Positive
V-shaped bounce off
$187
$205 calls still in play (79 OI)
Net Options Flow Still Negative ❌
Put/Call Volume Ratio = 2.87
Institutions buying puts, not chasing this rally
$205 = The Line in the Sand
Closed at
$203.55, still below tactical ceiling
Next resistance:
$204.89–
$211.50
Support:
$185–
$187 (52-week low just hit)
Verdict: Gamma squeeze ≠ trend reversal. Net flow negative = smart money sitting out. Wait for clean
$205 breakout with volume.
