ABTUSD - Massive Upside Move, More to Come or Downside We Go?

As you can see, we technically set a higher low around 2.37 with the wick of the most recent upside hourly candle. It is critical that we break 2.40 within the next 24 hours, otherwise I fear we will lose some of the bulls who are in this for a quick swing trade.

For the record, I am long for over a year now, current average is $.26 =)

I believe we can see more upside, but we should tread lightly and watch volume for confirmation of price action.

Comment:

IF we head south, 1.76 would be the first level of support, followed by 1.60-1.64 range.