Market insights
ABB - Weekly Cup & Handle BreakoutSister stock movement in capital goods stocks like ABB, SIEMENS in past couple of weeks.
ABB gave a weekly Cup & Handle breakout last week.
"Three Soldiers" off from base.
Price above the value area of channel with good volumes.
Any consolidation and breakout is a buying opportunity until price stays above the value area.
Always Think R:R.
ABB CUP & HANDLE BREAKOUT ABB - Cup & Handle Breakout, Potential for Upward Movement
ABB has recently experienced a cup and handle breakout, with confirmed breakout above the resistance level. The stock is currently supported at 3388, and can be added to your portfolio until 3420. Potential targets for the stock include 3800, 4000, and 4200+.
This stock is definitely one to keep on your radar as there is potential for upward movement
ABB on watchlist| Possible Ascending triangle breakoutABB is bullish on multiple timeframes and is consolidating in an ascending triangle near ATH. Sustained close above 3,450 with decent volumes make it ideal for a breakout. If not the stock can retest the lower trendline of the triangle.
Note: This is not a buy/sell recommendation. Just learning and sharing my views for educational purposes and open to feedback from the community. Thanks!
ABB_DailyLooks good.........................
ABB is a Swedish-Swiss multinational corporation headquartered in Zürich, Switzerland. The company was formed in 1988 when Sweden's Allmänna Svenska Elektriska Aktiebolaget and Switzerland's Brown, Boveri & Cie merged to create ASEA Brown Boveri, later simplified to the initials ABB .
educational purpose only.






















