Abbott Labratories Short Term - We look to Buy at 105.03 (stop at 102.52) Buying pressure has confirmed an initial rejection from the approach towards the key psychological level of 101.21. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Further upside is expected...
ABT just closed below its last bearish fractal of 107.55, and after having wandered around the balance line june 28th. This falls in line with an apparent rejection of the balance line on the weekly, so we have the current price below both the daily and weekly balance lines. Weekly showed its first read bar on the weekly today, so everything about it looks like...
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...
The PEAD projected a Bullish outlook for $ABT after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
Entry buy stop at 117.10 and target 124.33 if price breaks through the nike line of the current bullish pattern
do make sure you go with small qty ... its volatility stock
The PEAD projected a Bullish outlook for $ABT after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
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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...
Daily Report ABT looking really good for a breakout. A break above 124 resistance can easily take it to 131 resistance level. The RSI is already showing a bullish breakout. This will be a nice stock to watch for the coming week.
long @ retest of the support at 116USD TP1 128 USD TP2 140 USD SL 112 USD
Potential Dragon Pattern (*Do not like the fact that it has closed under support - more caution taken) Triple classic bullish divergence on the Daily MACD and RSI. Classic bullish divergence on the 4hr MACD and RSI. Looking for a 0.5 fib extension move (could fill a gap on the 4hr through this).
The PEAD projected a Bullish outlook for $ABT after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
Short term bullish trend can be captured we can hold that for few days and observe if the larger bearish pattern continues otherwise we can keep hold till the trend reversal.
Short term outlook. Bearish outlook for gains at125, then 119. 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...
Abbott Laboratories above the curve and could be a good buy from the low
Swing trade to previous highs in ABT. inside candles show it's a battle to turn it around and a breakout from here will mean it's going to continue to the upside.