ABB📊 ABB Ltd (OMXSTO) – Technical Analysis
🔹 Overall Trend
• The long-term trend is bullish.
• Price is moving inside an ascending channel.
• Higher highs and higher lows are still intact.
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🔹 Moving Averages (EMA)
• EMA 9: Short-term momentum, price is currently testing it.
• EMA 50: Acting as dynamic support.
• EMA 200: Well below price → confirms strong long-term uptrend.
As long as price stays above EMA 50 & EMA 200, the bullish structure remains valid.
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🔹 Fibonacci Levels (Key Zones)
Important Fibonacci retracement levels visible on the chart:
Support zones:
• ≈ 58.8 – 56.8 → 0.236 Fib (major support)
• ≈ 53.5 – 52.0 → EMA 50 + Fib overlap (strong support)
• ≈ 49.0 – 46.5 → deeper correction zone (trend still bullish if held)
Resistance zones:
• ≈ 64.5 – 65.0 → recent high / Fib 0
• ≈ 68 – 70 → upper channel resistance
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🔹 RSI (14)
• RSI is around 50–55
• This shows neutral momentum
• No overbought or oversold condition
• Healthy for a continuation after consolidation
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🔹 MACD
• MACD is flat to slightly negative
• Indicates short-term consolidation
• No strong bearish divergence visible
• Momentum can turn bullish again if price holds support
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🔹 Pattern & Price Action
• Price is consolidating near the upper half of the channel
• This looks like a bullish flag / correction within an uptrend
• Blue arrows suggest a possible pullback → continuation move
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🔮 Scenarios
✅ Bullish Scenario (Preferred)
• Price holds above 56–58
• Bounce from EMA 50
• Targets:
• 64.5
• 68
• 70+ (upper channel)
⚠️ Bearish / Correction Scenario
• Break below 56
• Next supports:
• 53
• 49
• Even a drop to 49 would still be a healthy correction, not trend reversal
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🧠 Conclusion
• Trend: Bullish
• Current phase: Consolidation / pullback
• Bias: Buy on dips, not chase highs
• Best entries are near EMA 50 & Fib supports
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⚠️ Disclaimer
This analysis reflects only my personal technical view. I have no responsibility for your buy or sell decisions. Please manage your own risk and confirm with your own strategy.
