Today, we will take a look at ABBOTT laboratories.
-From a technical perspective, the price is above an ascending channel
-Since August 2020, we observed a 150 days consolidation
-We can now see an ascending triangle, which is considered a continuation pattern once the flat line is broken.
-IF we have a clear breakout, we expect a bullish movement towards 132
-ABBOTT is an extremely bullish stock that has been performing really well (+80% in 2020)
-We will consider that the setup is no longer valid if the price goes below 99USD per share
-From a technical perspective, the price is above an ascending channel
-Since August 2020, we observed a 150 days consolidation
-We can now see an ascending triangle, which is considered a continuation pattern once the flat line is broken.
-IF we have a clear breakout, we expect a bullish movement towards 132
-ABBOTT is an extremely bullish stock that has been performing really well (+80% in 2020)
-We will consider that the setup is no longer valid if the price goes below 99USD per share
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.