After bad Q2 price dropped to support zone. Possibly fall further, but seems stabilizing on support.
BAM is still healthy with good and new big projects as they replied with a statement on the pricedrop
We have seen this pattern before in Juli 2014 and price come back strong. Also after bad Q2. Who knows? ABN Amro, a big Dutch bank also gives advise for buy.
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
this is my first idea. Don't know if it can be of any use to anyone... In case it is, then thanks for liking it ;-)
According to my (maybe amateuristic) analysis I noticed that ABI is playing an inception move on us. It actually formed a nice cup and handle, in the handle of a major cup and handle.
Further more the MA's show that there might be a slight...
Our Proprietary Trading System indicates the following:
The Primary Trend (PT) given by the Global Monthly TIME BAR (GMTB) is currently Bearish
The Secondary Trend (ST), given by the Global Weekly TIME BAR (GWTB) is currently Bullish
The Medium Term Trend (MTT), given by the Global Daily TIME BAR (GDTB) is currently Bullish
The Short Term Trend (STT), given by...