Aberdeen Group: ⬆️ Buy
– Aberdeen Group broke daily down channel
– Likely to rise to resistance level 2.00
Aberdeen Group continues to rise after breaking the resistance trendline of the daily down channel from August (which enclosed the previous medium-term ABC correction (2)).
The breakout of this down channel accelerated the active intermediate impulse wave (3) from the start of September.
Given the strong daily uptrend, Aberdeen Group can be expected to rise further to the next round resistance level 2.00, the breakout of which can lead to further gains toward 2.05.
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