ABB @ 17 Nov 2021
Text me if you have any questions/comments for me.
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ABB
- Previous analysis was done on 4 Oct (red arrow) – suggested waiting for a successful breakout and a better setup for entry
- Since then, the stock has consolidated sideways and today is breaking out with above average volume
- A successful breakout looks to be above 5.30
- Stock has a long history of sideways consolidation followed by strong breakouts
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest plotting entry after a successful breakout if believe the stock is capable of creating new all-time highs
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ABB
- Previous analysis was done on 4 Oct (red arrow) – suggested waiting for a successful breakout and a better setup for entry
- Since then, the stock has consolidated sideways and today is breaking out with above average volume
- A successful breakout looks to be above 5.30
- Stock has a long history of sideways consolidation followed by strong breakouts
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest plotting entry after a successful breakout if believe the stock is capable of creating new all-time highs
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