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ABB buying opportunityAs analysts are giving ABB a target of around 240, I am looking for a buying opportunity. At the moment ABB might be rejected at the current resistance area around 202-206. This resistance also represents the 0.618 fib retrace of the 'corona dump'. The trendline (blue) is still holding, but if it breaks a retrace is to be expected. THEN I'll be looking at a buying opportunity around 190-192.5 as there is a confluence of support there; the upward trendline (blue), horizontal support (purple/gray zone) and we have a gap still to be filled there at 190.60.
OMXSTO:ABBLong
by duco1
1
BIOA worryI'm a bit worried about the recent uptrend of Bioartic holding or not. If we look at the last 'mini' structure, it has broken support and restested that support and got rejected. That puts the blue trendline in danger of breaking. However there is ample support just below at around 70 and again around 65. Perhaps additional buying opportunities will present itself there. Note the gap at 66.75 So for now hold and look for additional buying opportunities. Target of 86 still in play.
OMXSTO:BIOA_B
by duco1