ABC adbri limited
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pointy end approaching

  1. ectoplasm
    2,396 Posts.
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    04/10/09
    11:55
    Post #: 5730507
    Been not much discussion about ABC recently (must be too pedestrian for the HC crowd)

    Abc has respected support in this recent uptrend (from $2.00 to $2.80) and looks to be getting to the pointy end of the triangle. I see UBS recommend buy because of:
    �� Solid Interim Result
    �� Markets Mixed
    �� Strong Balance Sheet
    �� Strong DCF Valuation

    ABC's daily chart is not to shabby with resistance at $2.85 the hurdle to solve ATM

    ABC Price at posting: $2.77 Sentiment: ST Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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