ABAN OFFSHORE- Rigging up the JIGS

[sdalal]

In the feb-march rally, the stock moved sideways, and find a resistance at 50% retrachment and recently brokedown the channel.
But on friday it just moved upperside,find a resistance on channel line C.with both RSI and STOCH becoming positive, I think it will move upwards.Once it passes Line B,then the real power will come in stock and may ZOOM to new levels.
Resistance will be 1)1245 ,2)1313, 3)1358
Support: 1169,1145.

ALL OSCILLATORS are out of the bearish trendline.

 

[sdalal]

Hi,VKPASTRO,

In Simple words,it can test jan high.
But really saying, i donot follow the news based,operator based stocks.........