Advanced Battery (ABAT) Technical Stock Chart Video

The ABAT chart is forming a pennant (or flag) pattern that is becoming elongated as it appears to be reaching the end of the pattern. The price per share is still holding the 50 day moving average and has formed support at $1.25. With the bollinger bands tightening, the RSI and MACD now are in neutral positions which will have the eyes of technical traders for a potentially stronger move.

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