Short
REVIEW $ABB
Bearish
Fundamental
- Funds distributing
- Weak industry group
- Not sector leader
- Decent earning
TA
- Price rejected 2 years upward trend line
- Double tops formed
- Momentum theory forming bearish divergence ( first sign of warning )
- Price rebound at 0.5-0.6 fibo = strong trend to the downside
- Price falls below double top neck line
Fundamental
- Funds distributing
- Weak industry group
- Not sector leader
- Decent earning
TA
- Price rejected 2 years upward trend line
- Double tops formed
- Momentum theory forming bearish divergence ( first sign of warning )
- Price rebound at 0.5-0.6 fibo = strong trend to the downside
- Price falls below double top neck line
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.