Did ABS hit the bottom at 29

Did ABS hit the bottom at 29 per share? Notice that this level has been tested three times in a row and so far it is holding. This retrace from the low of 24.10 to 47 is already at 78.6% Fibonacci Retracement level. If we will see a good candlestick formation this week then this would be a good setup for a spike. The spike ma rise to But absence of that will bring ABS back to 24.10 per share so you need to monitor carefully its movement and prepare your cutloss plan.


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A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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