Analyzing the options chain of ABT Abbott Laboratories prior to the earnings report this week, I would consider purchasing
Calls with a 105usd strike price and an expiration date of 2023-5-19, for a premium of approximately $2.48.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear...
We are probably at the end of this zigzag in that we are forming what appears to be a lagging diagonal. These tend to be final in a local correction, so it may be that this is the last short I will be putting on this one for a while.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci...
Stock is making an attempt to clear the 18300 resistance and broke consolidation with good volume, Crossing 18300-18400 band can offer some surge. Stock has 200 DMA resistance to clear
Immediate targets 112, 109. Invalidation 133.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels...
ABT looks interesting, and it is worth to keep an eye on it! We have a pivot point at 109.52, and this might push ABT to higher levels. It must not break the 107.61, because we have a huge head and shoulders pattern here!
In the 4h ABT just hit one of the fibs retracements, and now it is ready to trigger the pivot point at 110.86.
If it breaks the first pivot...
Bullish momentum appear to be testing resistance trend line.
Good long entry point.
Or conservatively wait and set a trend line alert on the resistance line. If crossover then buy.
Today we will show our analysis and setup we are planning to take on ABT
Technical Overview:
-The price is inside an ascending channel
-Currently is in contact with a key support resistance zone + the ascending trendline
-In Technical analysis confluence situations provide interesting places to think in terms of buying or selling pressure
Setup...
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...
$ABT is forming cup needs to hold above $100 for a confirmation. watch for a heavy volume as well
12 months Consensus Price Target: $103.67
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
In its latest earnings report, released on 03/31/2020, Abbott reported a quarterly revenue of $7.73 billion and a net profit of $758 million. Abbott Laboratories is expected to post earnings per share (EPS) of $0.32 for the third quarter of 2020.
Key Trading Plan:
Wait for pull back to the support level of 92.25 before the price eventually rallies up to the...
ALL ENTRIES REQUIRE PROPER MARKET CONDITIONS
ABT ABBOTT LABS
ENTRY = 618@84-85 (200ema on daily)
1st Target = 89
2nd Target = 786@91
3rd Target = ATH 100+
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and...
