AbCellera Biologics Inc.
Long

ABCL 4H support test and triangle

30
AbCellera Biologics stock is trading inside a triangle pattern and testing the key support at 3.90–4.00.
Signals are showing that sellers are losing momentum: CCI prints a bullish divergence and the volume profile highlights accumulation above the current level. A breakout above the descending trendline around 4.30 could open the way towards 4.80 and even 5.60.

From a fundamental perspective the company remains an important biotech player focusing on antibody-based drug development. The sector is highly news driven and any announcement on trials or partnerships could trigger sharp moves.
As long as support holds buyers keep the advantage and the market looks like a spring that has been compressed too long and is ready to release.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.