2waytrading

Flag (Bullish)

NYSE:ABV   None
125 1 0
Next week very interesting to see if a bullish play is looming
I feel it will pull back to fill the gap that occurred on the 15th. The stochastics are way overbought and ripe to fall...this leads me to believe that unless something drastic happens, I am not a buyer until that gap gets filled around $38-$39 and stochastics is closer to oversold. I don't see a flag, I see a false breakout of a small downward channel with no conviction. Just my thoughts
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