ABAN : Rounded swing (towards breakout)
Scrip has almost formed the low of the rounding bottom which resemble a “V” bottom, the trend has been validated by trend period which took 5 months to form however volume increase at the end is yet awaited for perfect trend formation/breakout
The scrip has gone through long consolidation period that turns from a bearish bias to a bullish bias but yet to see breakout and advanced with volume rise towards advance again
MACD also showing the way
Enter above 204 post confirmation however would avoid long turn investment due to not so convincing company fundamentals with negative cash flow and PAT in negative
Aiming short term for price target as defined.
The scrip has gone through long consolidation period that turns from a bearish bias to a bullish bias but yet to see breakout and advanced with volume rise towards advance again
MACD also showing the way
Enter above 204 post confirmation however would avoid long turn investment due to not so convincing company fundamentals with negative cash flow and PAT in negative
Aiming short term for price target as defined.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.