ABT has good news synchronously with price action dip LONG
ABT on the one-hour chart is in a sideways diverging channel with Bollinger Bands overlaid
and now compressing. In Europe, the new implantable cardiac monitor has tentative approval
producing a growth narrative. Relative volumes and volatility have decreased heading into the
pivot. ABT is in what is projected to be one of the hottest sectors this year. It pays dividends
consistently. I am taking a long trade here. Targets are $120 and $130. A predictive algo
validates the idea in its forecast
Comment:
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