$ABCL - RC -
Added 2024-05-24 11:53:04 +0000 UTCA request has come in for this chart but there is very little that can be done here while the price action is in this steep descending wedge.
We can see that the 50 Day MA has been mimicking the top wedge trend line, so this is a strong resistance level.
They also missed on their earnings too this month, so bulls may need to wait until the next earnings to turn this around, we can see that the next earnings is due at the end of the wedge apex in August
Levels to break out of will be the 50 Day MA and the yellow trend line, right now at $4.
