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
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.