(This post was last modified: 2019-05-29, 11:42 AM by briansmith456.)
RE: Stage Analysis Beginners Questions-ABM.V
Hi,
Can you please comment on ABM.V (attached). It has based for a couple of years and finally broken out recently on huge volume. The proper buy point was around 32 cents on the breakout I believe but I am wondering if it is in buy territory right now or maybe best to wait and hope it gets closer to the 30 ema (it is about 20% above the 30 ema currently).Â
I have added the monthly chart as I see the cloud is huge and the price has just penetrated it so wondering if you also look at the monthly chart in terms of the cloud at least as based on this chart alone it looks like maybe this stock is not a buy given the huge cloud on the monthly so perhaps the easy money was already made.
Thanks for your thoughts.
Brian