Acorn Income is the 4th best IT in the UK over the last 10 years, up 377%. The Trust peaked at 385p in the first week of April 2014. Since, then the share price has dropped to 320p, a fall of 17%. Only a monthly close above 366p (June 2014 high) will change the direction.
Long term, it looks like the 7 year cycle is indicating a down turn with a 62% retrace of the move up from 60p in 2008 to 185p by June 2016.
Long term, it looks like the 7 year cycle is indicating a down turn with a 62% retrace of the move up from 60p in 2008 to 185p by June 2016.
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