Probable downward move.
● Abbot have fallen below secondary trend support (rising wedge)
● A head &shoulder formation and probable downside target of 27000 which is support of primary trend line.
●An immediate resistance 27378, i.e weekly candle has not closed below this price for past 20 weeks.
Therefore a weekly close below 27378 might indicate a increasing probability of downside move following the micro down trend.
Study purpose only.
Its always beautifull to see a stocks behavior with probablity mindset.
● A head &shoulder formation and probable downside target of 27000 which is support of primary trend line.
●An immediate resistance 27378, i.e weekly candle has not closed below this price for past 20 weeks.
Therefore a weekly close below 27378 might indicate a increasing probability of downside move following the micro down trend.
Study purpose only.
Its always beautifull to see a stocks behavior with probablity mindset.
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