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.

Caveat!

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