Trading Calls — ABG Shipyard and ABB

By | December 23, 2010

ABB Ltd

ABB has formed a base around 750 levels and facing resistance at down trending channel at 810.

MACD is showing positive divergence.

Buy above 810 Tgt 815,827 and 845

ABG Shipyard

ABG Shipyard is forming a ascending triangle formation with rising trendline from bottom and a vertical trend line joining tops.

Also the 50 DMA @ 408 is also proving a tough resistance to crack.

Buy above 408 Tgt 412 417 and 425 Sl  398

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