Abbott LaboratoriesUpdated Possible bullish continuation flag to the all time high
Here we see a downward flag ( bullish flag ) that formed from the uptrend after it reached the all time high. This could mean a possible uptrend continuation after the break of the flag going up.
We see some support below between 93 and 92, but it could possibly break that as well and change directions, but nothing is written in stone. We also have the COVID-19 going on, so that is something major that could cause it to change trends and continue down. We need to wait a few more days to see what it will do. We also have the COVID-19 going on, and that is something major that could cause it to change trends and continue down.
We see some support below between 93 and 92, but it could possibly break that as well and change directions, but nothing is written in stone. We also have the COVID-19 going on, so that is something major that could cause it to change trends and continue down. We need to wait a few more days to see what it will do. We also have the COVID-19 going on, and that is something major that could cause it to change trends and continue down.
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ABT broke the support line going down the flag and bounced back up from the big support line between 90 and 87.Right now is looking like it will continue its upward trajectory. A break of the resistance line and the flag will be a good entrance. I'll wait for a couple of more days to see what it does.
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Testing the waters again.Note
Looking to enter long at 93.32 at the 1H chart placing SL @ 90.52 and TP @ 101.72Trade active
I was waiting to get in lower than where it ended yesterday. Waited for that retest and entered long at 93.39, SL at 90.52 and TP at 101.72 for a 1:3 rr. Let's see what happens from now on.Note
Correction: 101.99 TP for a 1:3Will be scaling out 25% @ 94.83 and will go from there.
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Scaled out 25%Trade closed: stop reached
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