ABTL: Potential weekly uptrend, heavily accumulated stock
This stock is an example of a great mid cap stock to own. Valuation is just right around here, and there's a chance to confirm a weekly 'Time at mode' uptrend signal, which would imply seeing upside to the 22 handle or so.
Technicals show a strong accumulation base, with the RgMov trend analysis indicator surging, showing hidden strength in the background.
Downside risk is only $1.46 from entry, if buying at market open next week, giving us a 3.29:1 trade, not too shabby.
Good luck,
Ivan Labrie.
Technicals show a strong accumulation base, with the RgMov trend analysis indicator surging, showing hidden strength in the background.
Downside risk is only $1.46 from entry, if buying at market open next week, giving us a 3.29:1 trade, not too shabby.
Good luck,
Ivan Labrie.
s3.amazonaws.com/tra...shots/k/KYVqivof.png
risk is $1.50 per share