ABB - Short to mid-term analysis (NOT A BUY/SELL RECOMMEDATION)
ABB is looking quite reasonable, and the chart indicates short-term bottom formation. Presently , a base for an upside would be 5112. If ABB crosses and sustains above 5112, then we can expect good upside upto 7116-7450+ . On the downside, risk is present if it breaches 4996. Upon breaching 4996, we can expect a downtrend up to the range of 4660-4045.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.