ABT recently broke the resistance of the down trend. It's coming down now to retest it (previous resistance which now is support). Probably should have waited until it will touch the trend line ($41-$42), but I got excited by the price meeting multiple EMAs and I initiated a long position at $42.
FRGI is in a downtrend, so I expect 5 waves down and then 3 waves up.
The 5 bearish waves look completed (1 to 2 zig-zag, 2 to 3 the longest, 3-4 sideways).
I expect a zig-zag A-B-C.
Purchase at (5), sell at (A), purchase at (B) and hold.