IvanLabrie
Long

ABTL: Potential weekly uptrend, heavily accumulated stock

NASDAQ:ABTL   AUTOBYTEL INC
2 months ago
This stock is an example of a great mid cap stock to own. Valuation is just right around here, and there's a chance to confirm a weekly 'Time at mode' uptrend signal, which would imply seeing upside to the 22 handle or so.
Technicals show a strong accumulation base, with the RgMov trend analysis indicator surging, showing hidden strength in the background.
Downside risk is only $1.46 from entry, if buying at market open next week, giving us a 3.29:1 trade, not too shabby.


Good luck,

Ivan Labrie.
a month ago
Comment: I'm scooping more shares against support here.

snapshot


risk is $1.50 per share
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
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