ABT shares are ripping higher in recent action as the company achieves the vanguard in COVID-19 testing with its 5-minute results method -- which looks likely to set the new standard and redefine how we track this tragic disease. This comes off a massively oversold low, and now we are back in the prior long-term range with supports in place.
Healthcare has been a leader YTD, as it has the defensive nature and is gaining momentum on the spread and containment of the COVID. Also, negative sentiment of the healthcare sector regarding the opioid crisis (which seems like a long time ago now), and politicians creating regulations for insurance reform; has now subsided. Inside the XLV, IHI (medical devices)...
Largely seen as a defensive play, this stock actually has earnings growth and expansion. I believe it is only up from here - my year end price target is $98. If the price closes strongly below the ascending TL this trade will become invalid. If you found this to be insightful or helpful, please show appreciation by hitting the like button. If you want more ideas...
The earning season already take places! Let's check out the major names that will have their earning report this week with me yo! Mon: C Tue: GS, JPM, JNJ,WFC,UAL, IBKR Wed: ABT, BAC, NFLX Thur: MSFT, MS, UNH and I got only 20 minutes so I didn't record down Friday names like AXP, BLK, and SLB! Let's see how they go this week yo!
Arcblock / Bitcoin Short-term price analysis ABT has turned bullish against Bitcoin in the short-term, with the cryptocurrency surging to a fresh 2019 trading high. The four-hour time frame is showing a large inverted head and shoulders pattern has been triggered, with the ABT / BTC pair rallying strongly since breaking above neckline resistance. Technical...
I am anticipating the price will further fall to around 0.00003939 and find support there where if it does, then there will be another buy opportunity up until the next resistance area. There was bearish divergence shown on RSI but it is now looking to soon cross above 50. Peace & Love
Order set to buy ABT above the high of the current base. Good form with good contractions and declining volume.
So far XRP' is moving quite identical to the fractal i showed in the previous analysis. We even did that fake breakout (blue circle) and now moving inside of that channel (orange circle). XRP' is still one of the weakest alts out there, for several weeks already. Based on the fractal, we should see it drop more coming weeks. But i will ignore the fractal for now...
Looking forward for further correction in Abbott, to weekly MA(200) / channel downside
Watch for the breakdown of neckline, short target to ~60
Abbott is currently supported by good Q3 results and the sellers are blocked by 3 key support: the EMA50, the AS1 support (strong ascending support born in july) and AS2 (mid support of the canal C1).
We expect new peaks, after the consolidation of the price near the local level (blue bar). Similarly, the position will be transferred to the breakeven at that moment, as the price may turn from it and go for a deeper correction. P/E 61.27 Forward P/E 19.81 Open 61.53 SL 60.13 TP 67.13 Ratio of risk to profit 1: 4 Good Luck!
Buy after the rebound. Looks set for a correction on at the current price. Price might continue trending above after a potential breakout Any alternate views?
I started analysing stocks about 4 months ago with Abbott Labs. Went in long at $37.80 and got out at $40.50 with a $2.70 profit. I said it could go higher and it did. Now trading at about $45 Pattern identification ABT has completed a bearish Bat pattern and it does not seem ready to fall. First some word of caution (seems to want to go higher) - Price seems...