Hello Traders!
The price of ABMD has continued on a strong uptrend for over 3 months now. It even powered through a very long episode in June where the price was severely oversold, apparently without losing any momentum at all. The 100 SMA has recently crossed over the 200 SMA, like the 50 SMA before it (2 bullish signals). However, the RSI has just now entered in oversold territory again and the MACD indicated 2 times bearish divergence in a row. Who will win in this fight? The bulls or the bears? Maybe the reaction to the 286 support/resistance will clear things up? We'll see if the price crosses over it or bounces back from it...
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
The price of ABMD has continued on a strong uptrend for over 3 months now. It even powered through a very long episode in June where the price was severely oversold, apparently without losing any momentum at all. The 100 SMA has recently crossed over the 200 SMA, like the 50 SMA before it (2 bullish signals). However, the RSI has just now entered in oversold territory again and the MACD indicated 2 times bearish divergence in a row. Who will win in this fight? The bulls or the bears? Maybe the reaction to the 286 support/resistance will clear things up? We'll see if the price crosses over it or bounces back from it...
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
💥 Free signals and ideas ➡ t.me/vfinvestment