ABB
ABB - Expecting a PullbackABB has shown a spectacular rally and the current swing looks like it has gotten overbought. The RSI looks quite overbought, and seems that it may be preparing for a swing lower. I expect price to swing lower to my buy zone where I would be interested to get long after bullish price action confirmation. My current buy zone is in the range of $2.90 - $3.10, which is also the previous Resistance zone (now turned potential support).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Sleeping giant.That's all I want to tell you.
EPS: 2.45
MARKET CAP: 62.26B
DIV YIELD: 2.27%
P/E: 12.51
ABB Annual Net Income
(Millions of US $):
2020: $5,146
2019: $1,439
2018: $2,173
2017: $2,213
2016: $1,899
2015: $1,933
2014: $2,594
2013: $2,787
2012: $2,704
2011: $3,168
2010: $2,561
2009: $2,901
2008: $3,118
CASH ON HAND (millions):
2020: $5,709
2019: $4,110
2018: $4,157
2017: $5,609
2016: $5,597
2015: $6,198
2014: $6,768
2013: $6,485
2012: $8,481
2011: $5,767
2010: $8,610
2009: $9,552
2008: $7,753
NEWS:
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A simple setup, high probabilityABB has moved up impulsively, made a nice corrective structure in the form of a Flat (ABC). I think that the wave C of the Flat pattern is done and now it will head in the upside direction, as a continuation. A retest of the the previous highs is possible.
We are looking at close to 60-65% kind of price move in the current setup.
Low risk and good reward setup. If I were to trade this, my stop would be below the C, as in the charts.
** This is not a trade advice**
ABB LTD weekly corrective structure.Structure is developing in a complex way. What I see is we're in process of a larger degree b wave. The Internal looks like it's either a flat or a triangle for another push up. Lets see how this one plays out
ABB INDIA - Long Trade- Price ActionPrice coming back to Daily Demand Zone of 1295 - 1321, which is also a past resistance still acting as a good support.
Buying Zone - 1295 to 1321, SL-1273
De-risk the trade at 1367
Target 1- 1450
Target 2 - 1550 +
Crossing and closing above 1370 is crucial for further upmove.
Watching ABBThis is one I'll be watching. I like the retest gap bouncing right off resistance. Will consider a bearish trade based on the location of the gap and the distance to the EMA's. I think either the black line or the orange line are the two most likely scenarios. Hoping for the Black line and will look for a reversal signal.
ABB India Ltd. - Technical Analysis - 8/29/2016For ABB India Ltd. stock, 1000 is solid support. We will be salivating to grab some at that level. Between 2009 and 2013, it spent most of the time between 500 points wide boundary of 400 - 900 and now if it wants to do the same between 1000 and 1500 then a pullback lower will be a good chance to trade it from buy side.
Buying the stock in a band of 800 - 1000 during the move lover puts probability in favour of solid profitability in future !
Meanwhile, our trade in Dabur has approached the take profit level. We are squaring the puts and closing the covered calls against the long term long positions.
Abb Ltd headed lower2 year trend line has been severed with a break below the 50ma, daily death cross and a MACD that crossed the zero line for the first time in nearly 2 years.