ABB

ABB is a long term investment opportunity. ABB has fallen sharply after making a high of 1526 in feb-2015.The stock is now very important support levels. In the range of 970-1060 stock has multiple supports on daily weekly and monthly charts. RSI of stock on daily charts is also in the oversold region. The stock can be accumulated for short-to-medium term investment purpose. On 29-Sep-2015 stock made a doji sign by making a low of 1018.6. This could be a good stop loss for short term traders but for investment purpose it should be bought in the range of 975-1060 and hold for 6-9 months for substantial upside targets. Minimum targets here could be 1260-1272.

Disclosure: I am holding stock in my account.