1
DAby u/danahaddad·4dAnalysis

$ABC - Watching the 180 Level After Recent Pullback

Been keeping an eye on $ABC the past couple of sessions. It's dipped a bit, now trading around 179.98. What's catching my attention is how it's testing that prior resistance around the 180 mark, which briefly broke last week before this small pullback. From a technical perspective, if it can consolidate above 180 and build some support there, it could signal a potential continuation of the earlier move up. However, a decisive break back below the 179.20-179.50 range, especially on higher volume, would pretty much invalidate that short-term idea for me, suggesting the prior breakout might have been a false one, or at least needs more time to re-establish a base.

0 comments · 1 points

0 Comments

No comments yet. Be the first.

More like this