ABC – Adelaide Brighton Limited

Stock : ABC – Adelaide Brighton Limited

Current Price : 5.58

Status : On watch for pullback and higher lows

ABC has moved higher since the previous alert as expected so we are now in ‘setup watch’ mode. We are now on watch for a pullback and higher lows to hold to show conviction of buyers for the buy entry setup. Buyers may soak up selling above 5.50 but we would prefer to see a deeper pullback to drag in the buying. Lets watch the action play out.