Today ABEO 2.25% went up $0.40, during the rally it touched the weekly resistance and finally fell after a couple of tries to break through it.Rejection took about an hour, and it showed how eager the buyers were. I have to admit the resistance is strong and now with today's move, it got much stronger. Many attempts but failed. ABEO 2.25% has medium ...
ABEO is on my radar as a stock to watch. Recently it broke out of its consolidation range and has come back to retest. The large volume spikes (green) show likely institutional accumulation and I don't think the stock will trade much under $15.00. Watch for a "trip it to rip it" down near $15 and from there I will be looking to take a shot on the long side with ...
Watching for long, if it breaks resistance at 5.25, we would look for a long.
You can check detailed analysis on ABEO in the trading room/ Executive summary link here-
Time Span- 31:30"
Trade Status: Pending