ABAN OFFSHORE Share Tips, Technical Analysis Chart, Stock trading Graph - Stock moving up from strong support, Further buying expecting once stock closes above 804. (Updated on 05th August 2014, Tuesday).

ABAN OFFSHORE

• As per previous report published on ABAN OFFSHORE stock failed to break its support and stock has bounced back. (Click here to see previous report on Aban Offshore).
• Now daily chart indicates stock is moving up from 50% fibonacci retracement support zone, as long as stock holds above Aban will favor bulls.
• Stock also moving up from 20 days moving average, this indicates as long as holds above Aban will favor bulls.
• Daily chart also indicates stock is currently facing strong 38.2% fibonacci retracement resistance around 804 if closes above and stays above 804 then stock can test its next resistance around 827 & 855 its fibonacci retracement resistance, as shown in chart no 3.
• Intraday close watch once ABAN starts trading above 804, if stays above then intraday action is expecting by bull. Close Watch.
• Suggested Reading - IGL on the verge of bullish breakout.
• Click here to see all the trading reports (tips) published by us on ABAN OFFSHORE (as per technical analysis point of view).