ABB (2882.25)
STILL UPSIDE POTENTIAL LEFT...
(click on the charts for better view)
Just in the previous sessions of trading it resisted at around 2800 levels which is the max retrace of 3350-1920. But nevertheless it consolidated at 2800 levels and even it crossed the crucial resistence 2850. But looking into charts this stock still holds some upside potential. The next resistence comes at 2950 and 3160. And i dont think that it can go beyond 3160 level in the short-medium term. Now 2850 is the stronghold support for this stock.
STILL UPSIDE POTENTIAL LEFT...
(click on the charts for better view)
Just in the previous sessions of trading it resisted at around 2800 levels which is the max retrace of 3350-1920. But nevertheless it consolidated at 2800 levels and even it crossed the crucial resistence 2850. But looking into charts this stock still holds some upside potential. The next resistence comes at 2950 and 3160. And i dont think that it can go beyond 3160 level in the short-medium term. Now 2850 is the stronghold support for this stock.
posted by Naveen Pantera at 9:09 PM
<< Home