NYSE:ABT   Abbott Laboratories
Abbott Labratories

Short Term - We look to Buy at 105.03 (stop at 102.52)

Buying pressure has confirmed an initial rejection from the approach towards the key psychological level of 101.21. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected although we prefer to buy into dips close to the 105.00 level.

Our profit targets will be 112.00 and 114.00

Resistance: 112.00 / 118.00 / 140.00
Support: 105.00 / 95.00 / 61.30

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