ABB of Sweden

14 ส.ค. 2021

ABB went sideways in a wedge pattern since 2009 and broke out to the upside in February of 2021. The stock is in a strong upward trend and is showing confirming downward/sideways flag patterns. After the recent breakout to a new all time high (ATH) the strong trend is likely to continue and the stock seems to be going through a fundamental reevaluation by the market which seems to have discovered the potential of the company, which is operating among other things in the automation and robotics segment.