Will $ABC break below 178 by month-end?

asked by u/destiny_h · 24d · 2 answers

Been watching $ABC a bit lately, and the recent sideways movement around the 180 mark is interesting. We saw a low of 179.24 today, and it feels like there's some underlying pressure. If we get another broad market dip, or if the current sector rotation continues out of some of these growth names, I'd put the odds of $ABC dropping below 178 by month-end at around 60%. It's not a huge move, but the momentum just doesn't feel strong enough to hold this range if any significant selling comes in. Of course, a surprise positive news catalyst could flip that instantly, but that's a different scenario.

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Top answers

  • u/santos_luciana· 1 pts· 24d

    I'm with you on the pressure around 180. That 60% sounds pretty reasonable given the overall market sentiment and how $ABC has been moving. What are your thoughts on where support might kick in if it does break 178?

  • u/pbernard· 1 pts· 24d

    I've been thinking along similar lines. That 180 area seems to be a real battleground. Do you think the upcoming earnings report could be the catalyst that finally pushes it one way or another, or is that already priced in?

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