Bearish potential detected for ABBEntry conditions:
(i) lower share price for ASX:ABB along with swing up of the DMI indicators and swing down of the RSI indicator, and
(ii) observation of market reaction at the support level at $3.80 (from the open of 6th February) after closing below 50 day MA.
Stop loss for the trade would be, dependent of risk tolerance:
(i) above the resistance level from the open of 28th February (i.e.: above $4.00),
(ii) above the resistance level from the open of 12th February (i.e.: above $4.08), or
(iii) above the resistance level from the open of 24th February (i.e.: above $4.17).
