Short ABT (Potential breakdown in the coming weeks) Short

NYSE:ABT1D

Abbott LaboratoriesNYSE

Description

⋅ Nov 22, 2018 9:35 PM

Watch for the breakdown of neckline, short target to ~60

Chart Patterns ABT

Comments

rimawasthi

⋅ Dec 1, 2018 3:01 AM

Do you still think it will come down and it double top? What is the time frame you are anticipating?

KeyTrade

⋅ Dec 1, 2018 3:08 AM

@rimawasthi, This week's market action violated so many patterns, have to wait and see what next week brings. This ramp violated the double top. But I am sure the top is near, so have to wait for another setup.

rimawasthi

⋅ Dec 2, 2018 3:39 AM

@KeyTrade, Yes Very True! Most of my trades are on the opposite side. Not sure where the SPY is heading on 1hr chart it bullish and on daily chart its ready to crossover.