ABC Bullish Long

Description

⋅ Jan 3, 2021 8:08 PM

Di is the target

Stop usually goes below C.

This one started pulling back and I forgot about it until now.

Possible R at 91ish Price is cupping up which is a good sign.

NV and OBV are high showing interest. No rising wedges in yearly chart. Short interest is low.

Be safe and have a gr8 new year!

News of buy out by S&P Global but I am not sure of terms?

Chart Patterns

Comments

docpi

⋅ Jan 4, 2021 1:16 AM

S&P Global and IHS Markit Announce Divisional Structure of Combined Company

docpi

⋅ Jan 4, 2021 1:14 AM

This is a takeover- price being controlled by acquiring company

docpi

⋅ Jan 4, 2021 1:14 AM

This is a takeover- chart and price action controlled by acquiring company

lauralea

⋅ Jan 4, 2021 2:07 AM

@docpi, So a predetermined amount per share has already been decided?

docpi

⋅ Jan 4, 2021 3:03 AM

@lauralea, yes
I don’t remember the ratio but it’s baked in- that said, the chart formations “should” be very similar- patterns
Let’s see