ABN is stalling, volume decreasing, little buyers at the top of this rally. We have been pulling back for 2 days and did not make a new pre-march high.
Take note that we pulled back exactly from the purple/pink top trendline.
We did not break top resistance and will retest bottom support first around 8.840 then possibly 8.650.
Looks like a buy the dip, weekly trend is still up.
Take note that we pulled back exactly from the purple/pink top trendline.
We did not break top resistance and will retest bottom support first around 8.840 then possibly 8.650.
Looks like a buy the dip, weekly trend is still up.
Comment:
pink trendline I was mentioning is visible here:
Comment:
Buy the tip opportunity of last week has passed, we are again in a rally up, making new highs, could very well be bullish until year end.
Comment:
Made another run, can be nice money if you trade these swings up and down instead of just holding long (but please only do it if you know what you are doing)
It looks to me like we had a nice pullback and are ready to move back up, but I will only add if I see the blue stoch cross up, and if I see the 15min making HH and LL. There is a chance we will see a jump at start of trading monday, lot of positive vaccine news regarding global rollout in december.
Made another run, can be nice money if you trade these swings up and down instead of just holding long (but please only do it if you know what you are doing)
It looks to me like we had a nice pullback and are ready to move back up, but I will only add if I see the blue stoch cross up, and if I see the 15min making HH and LL. There is a chance we will see a jump at start of trading monday, lot of positive vaccine news regarding global rollout in december.
Order cancelled:
Over the weekend concerns on profitability, taff cuts, etc. came to light. ABN is not looking pretty because of this and there has been a clear price reaction with heavy declines on the news. I am looking at INGA and MT now for long, ABN is probably a short now. Trade safe!