Accenture Is Trying to Build a Bottom After a Hard BreakdownAccenture Plc Class ABATS:ACNriseab0v3ACN Accenture PLC has spent years trading inside a long-term rising channel, but that structure has finally broken. On the monthly logarithmic chart, the channel stretches back to roughly 2009, making the recent breakdown a meaningful shift in character. The move lower has been sharp. Accenture fell significantly from its all-time high area near $384 and eventually traded down toward the $115 to $120 zone. That area now matters because price has tested it multiple times, creating the early shape of a potential triple bottom. That does not mean the bottom is guaranteed. It does mean Accenture has reached a level where buyers have repeatedly stepped in. The June monthly close above that support zone adds some confidence, but a stronger signal would come from continued monthly confirmation. If the support holds, there may be a long setup worth watching. The first upside level is around $190, where former support could now act as resistance. That is a natural place for price to test if buyers continue to regain control. Above that, the next major area sits near $240. This zone has acted as both support and resistance in the past, so it could become a larger decision point if Accenture breaks through the first resistance level. The final major upside area is back near the prior all-time-high region, where the stock previously formed a double top. A move that far would require a much stronger bullish recovery, but it remains part of the broader roadmap if the reversal gains momentum. On the weekly chart, the early rebound is already beginning to show. The stock has started to move higher for a couple of weeks, though confirmation is still developing. For now, the key question is whether the $115 to $120 triple-bottom zone can continue to hold. Accenture is also worth reviewing beyond the chart. The company remains profitable, but technology services businesses have been pressured by concerns around AI disruption. Anyone interested in the setup should pair the technical picture with a deeper look at the financials and long-term business risks. This is not financial advice. It is a watchlist idea built around support, resistance, and confirmation.