ABR long idea above 12.96
I have an ascending triangle forming on the daily and a bullish pennant on the 30 minute chart.
Price is above the 10, 20, 50 and 200 DMA.
Price is above the ascending 5DAM on the 30 minute chart.
Price is above the YTD VWAP.
Initial Stop will be tight a t 12.84
Current price is above both the declining 40 Week MA and 200 period MA.
However, as both these are declining, bounces should not be trusted.
The price is also above the VWAP from the IPO which is positive.
Look for a pullback before making another push to the overhead trend line.
I expect price to consolidate in the accumulation phase before...