ABMD break below 275$ whick was a strong support in the past.First time only weak or no rejection and the break through the support. Additionally it is the first time for a Long time that EMA20 breaks through EMA50 on a Weekly Basis.
Seems like ABMD is heading for big Problems. Possible target is the width of the range (~85$) projected from the breakout (275$ - 85$ = 190$) and the support zones of the past (220$ and 190$).
Strong upmove back in the Zone cancels the idea.
Seems like ABMD is heading for big Problems. Possible target is the width of the range (~85$) projected from the breakout (275$ - 85$ = 190$) and the support zones of the past (220$ and 190$).
Strong upmove back in the Zone cancels the idea.