Hi traders .
ABUS
Following this ticker for some time and looking on play scenarios .
News out there on patent etc are currently not in play IMO .
But over all company has good fundamentals and we will try yo make some profits on it .
There are some fundamental flaws and areas selected on chart and are my interest zones . I personally would like to pick some shares up between $1.80 and $2. And I think that's very possible .
60.9M float makes this ticker to move on average 9-11% D so daily scalps are some way in play as well . But I have points in mind with this play and will focus on that . First zone that I think I can get that is bounce from is 2.65 2 .90 zone . I expecting stronger bounce from that zone but nothing is guarantied however if we do come out strong from it I will target upper and mid $4 that would be first play .
If we go through that zone with out significant push I will be focusing on area mentioned before and at that point I will try to come up with targets after we get there . Over all mid 4$ are my first target and after that all the way to $12 yes 12 . I might take weeks or months to get there so patience is a KEY
Hit that like if you like my approach and I wish you happy happy trading .
See you next time .
P.
ABUS
Following this ticker for some time and looking on play scenarios .
News out there on patent etc are currently not in play IMO .
But over all company has good fundamentals and we will try yo make some profits on it .
There are some fundamental flaws and areas selected on chart and are my interest zones . I personally would like to pick some shares up between $1.80 and $2. And I think that's very possible .
60.9M float makes this ticker to move on average 9-11% D so daily scalps are some way in play as well . But I have points in mind with this play and will focus on that . First zone that I think I can get that is bounce from is 2.65 2 .90 zone . I expecting stronger bounce from that zone but nothing is guarantied however if we do come out strong from it I will target upper and mid $4 that would be first play .
If we go through that zone with out significant push I will be focusing on area mentioned before and at that point I will try to come up with targets after we get there . Over all mid 4$ are my first target and after that all the way to $12 yes 12 . I might take weeks or months to get there so patience is a KEY
Hit that like if you like my approach and I wish you happy happy trading .
See you next time .
P.
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