On $ABC and the 185 test post-announcement
Watching $ABC closely into year-end. With the recent minor pullback to 179.98, the next major hurdle seems to be a decisive break above 185. I'd put the odds of seeing 185 retested within the next two weeks at around 65%. This hinges largely on the upcoming developer conference keynote speeches maintaining a positive, forward-looking tone without any major product delays or unexpected regulatory whispers. If they deliver on the anticipated new framework updates, the momentum could easily carry it through. Conversely, a flat or uninspiring presentation could see it retest the 175 support, an outcome I'd peg at about 35%. The range has been quite tight, 179.24-180.93 today, but the catalysts are lining up.
That's a solid read on ABC. I'd agree that 185 is key, but I'm also looking at the broader market sentiment post-conference; a positive keynote can only do so much if the overall environment is risk-off. Are you seeing any other sector plays that might impact ABC's upward momentum?