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ABB - Weekly Cup & Handle Breakout
ABB INDIA LTD
Long
ABB - Weekly Cup & Handle Breakout
By rahulksjain
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May 13, 2023
3
May 13, 2023
Sister 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.
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