Text me if you have any questions/comments for me.
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ABB
- First time doing a written analysis on ABB
- In last night’s FB livestream, I suggested a breakout entry if believe the stock was capable of forming new all-time highs
- Today, the stock created a new ATH but quickly retraced to form a bearish pin bar
- Historically, the stock has had periods of uptrends interrupted by long periods of sideways consolidation
- Stock is currently trading a resistance zone (blue highlighted zone)
- A breakout entry would mean entering at a price that is far from the short-term support
- Due to today’s bearish pin bar with above average volume, the entry for setup is on the risky side
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a better setup for entry
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ABB
- First time doing a written analysis on ABB
- In last night’s FB livestream, I suggested a breakout entry if believe the stock was capable of forming new all-time highs
- Today, the stock created a new ATH but quickly retraced to form a bearish pin bar
- Historically, the stock has had periods of uptrends interrupted by long periods of sideways consolidation
- Stock is currently trading a resistance zone (blue highlighted zone)
- A breakout entry would mean entering at a price that is far from the short-term support
- Due to today’s bearish pin bar with above average volume, the entry for setup is on the risky side
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a better setup for entry
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.