ABMD - Symmetrical Triangle or Double Top? ABMD can be seen to form a structure above an upward trend line
Using the two tops a symmetrical triangle can be drawn, a bullish pattern
These two tops could also be interpreted as a double top, hence my placement of the bearish scenario
Personally I favor the symmetrical triangle and the bullish result
ABMD
ABMD - New Formation -> ContinuationABMD is above its strongest trend line which is in green
A weaker trend line is in yellow
The possible triangle formation allows for the assumption of continuation
$ABMD Bear FlagDaily/weekly bear flag intact. Maybe watch for the local highs to be probed then reject.
Per vwaps I expect this to hit $255 sooner than later.
Large volume profile nodes around $300 so quite a range here.
Good luck, alerts are you're friend use them!
Abiomed IncAfter last earnings price found support on the level which was previously a resistance and now is sitting above that level, ready to go upwards. Moving averages indicate bullish trend. I definitely add this stock to my portfolio. How about you?
Clear pattern to think about long setupsToday we will pay attention to ABMD.
Main items we can see:
a) The price has broken a Descending Trendline
b) Currently, the price is above a Relevant Area
c) We have a clear Flag Pattern; remember that Flat Patterns are considered continuation structures
d) We expect a bullish resolution towards TP1 and TP2
e) The resolution can take about 50 to 60 days
f) We will consider that the Analysis is Active if the price breaks above B
Abiomed: worth a long hereABMD seems to be wanting to breakout of the resistance trendline and has multiple indications of demark exhaustion counts on the weekly chart (not shown here). Good risk/reward for a long here.
Abiomed Crashes on Alex Vieira Free Forecast Downgrading $440Alex Vieira urged investors to sell Abiomed at $440 going short the stock
ABMD LongShort based of channels and fibs
My Entry: 303.97 (any entry under 312.00 is okay)
Stop Loss: 280.10
PT: 400.00 area
Risk/Reward: ~ 1:5
$ABMD long off this bullish engulfing candle on the 2h..Entered a swing trade ABIOMED of this higher close candle on the 2h, will see how it unfolds.
ABMD testing resistance, further rally or retrace?ABMD testing resistance here, I decided to maintain my position, following the price with a trailing stop loss. This could rally on up.. or it could retrace, who knows!? I'll be watching this one closely with phone alerts. Bullish overall. Not financial advice.
Fib levels on ABMDposting this more to keep an eye on it
might check to see if there is put sale premium, but this one has been on a run for a while and could definitely use some time to settle down
ABMD: Update - Good chance to reenterABMD has responded well to my forecast and trade idea, as you can see in related ideas. We rallied and retested support here, so I expect to see a rally coming out of the dip.
Good luck,
Ivan Labrie.
ABMD: Reenter longs at maket, potential for 24%+ upsideABMD has expanded the monthly range down and is at a very strong support zone here, hitting a high volume level, close to earnings support and the yearly SMA.
We can enter longs risking $14 downside, and aiming for $30+ upside.
Each time we expanded the monthly range down, we had higher prices in the next 3 months, on close, from the monthly close (which now is only 2 sessions away), 9 out of 10 times since the 2009 low.
Good luck,
Ivan Labrie.
ABMD: Testing earnings supportABMD offers a potential long opportunity here. Look to go long ABMD close to the key earnings support at 115.98, risk is a drop to 113.68, so size your trade (and use stops) accordingly.
If this support level doesn't hold, we could witness a larger correction, which would constitute an excellent discount to acquire this company's shares for the long term.
Good luck,
Ivan Labrie.
