ABMD: Reenter longs at maket, potential for 24%+ upside
ABMD has expanded the monthly range down and is at a very strong support zone here, hitting a high volume level, close to earnings support and the yearly SMA.
We can enter longs risking $14 downside, and aiming for $30+ upside.
Each time we expanded the monthly range down, we had higher prices in the next 3 months, on close, from the monthly close (which now is only 2 sessions away), 9 out of 10 times since the 2009 low.
Good luck,
Ivan Labrie.
We can enter longs risking $14 downside, and aiming for $30+ upside.
Each time we expanded the monthly range down, we had higher prices in the next 3 months, on close, from the monthly close (which now is only 2 sessions away), 9 out of 10 times since the 2009 low.
Good luck,
Ivan Labrie.
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And $5 higher...looks good, up for the day/week.
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Not bad huh?
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This is a good area to add or reenter if you booked profit: 109.49
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Still more upside left.
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2x my estimate so far...
