American Bio Medica Corp (ABMC)

[Boersi]

IMO wrong!

To take the SMA 50 as the main support line is too inaccurate.

Of course I know the 50DMA what was mentioned here but I use SMA50 as its name. So I didn't knew what was meant.

I also know about the psychology behind those line. But as those line is what it is, only a moving average, it is to inaccurate because you don't see the real trends behind the line. I know (not believe) the trends and I know there is still a little air downwards to confirm ABMC's most important trend to go way up again afterwards.

As long as I have no turnaround signal at all, everything could happen.

So I am still waiting, without any emotions to get my analysed entry point. And then hopefully the support line of those most important trend holds.

$ABMC