Text me if you have any questions/comments for me.
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ABB
- After hitting an overhead resistance zone (orange highlight) at 5.10-5.50 levels, stock has retraced back to support zone (blue highlight) at 4.40-4.60 levels
- Short-term average has crossed below (red circle) the mid-term average –> not a good sign
- Stock has been trapped in a sideways movement for almost 4 months
- All the indicators that I’m using is saying that the stock is not a good pick for a mid-term hold
- If stock can rebound above the moving averages, the support zone will be a strong place for possible future collection
- Any break below the support zone is pretty much game over for the stock
- Strategy-to-buy (DYOR) – Wait for HH and HL formations
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ABB
- After hitting an overhead resistance zone (orange highlight) at 5.10-5.50 levels, stock has retraced back to support zone (blue highlight) at 4.40-4.60 levels
- Short-term average has crossed below (red circle) the mid-term average –> not a good sign
- Stock has been trapped in a sideways movement for almost 4 months
- All the indicators that I’m using is saying that the stock is not a good pick for a mid-term hold
- If stock can rebound above the moving averages, the support zone will be a strong place for possible future collection
- Any break below the support zone is pretty much game over for the stock
- Strategy-to-buy (DYOR) – Wait for HH and HL formations
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.