ABEO is currently trading at $5.58 and is expected to pull back toward the green zone to retest the previously broken descending trendline and the strong demand area between $4.75 and $5.08.
This zone is considered a key support level, where buying pressure has been historically strong. A successful retest could signal a continuation of the bullish trend.
The medium-term target is the red supply zone between $11.39 and $12.69, which represents the next major resistance area.
✅ Entry Zone: $4.75 – $5.08 (demand zone)
🎯 Target Zone: $11.39 – $12.69 (supply zone)
❌ Stop-Loss: $3.90 (below previous key low and invalidation of structure)
This zone is considered a key support level, where buying pressure has been historically strong. A successful retest could signal a continuation of the bullish trend.
The medium-term target is the red supply zone between $11.39 and $12.69, which represents the next major resistance area.
✅ Entry Zone: $4.75 – $5.08 (demand zone)
🎯 Target Zone: $11.39 – $12.69 (supply zone)
❌ Stop-Loss: $3.90 (below previous key low and invalidation of structure)
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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.
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.