ABT uptrend & breakout analyzed

448 7 2
ABT             broke out of it multi-year range last week and pulled back this week to retest and re-gather, giving market makers a chance to buy back stock sold short at higher levels. The pullback didn't fully close the gap from the news announcement last Tuesday about ABT             splitting into two companies to unlock the value in shares. NOTE: This is the way that companies announce to the world that their stock is cheap and underpriced. Whenever a company decides to split up in order to get lazy investors to wake up to see the value, it is almost always a decent time to begin investing. Upside potential $59-$61, stop loss, $51.50. $53.65 last. Stock futures +2% overnight on EU banking news.
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Well done Tim
It's nice to review this chart again. Thanks mollr for finding this chart. If anyone would rate this with a "thumbs up" then maybe it too will become a "bulls-eye". Cheers.
ABT has finally reached the target listed at $59-$61 ... Thankfully this worked out nicely and with very little price volatility against the position. I view this as a big winner, especially relative to the risk.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out