The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
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...
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 3:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
The stock reached a new all time high. It reminds me of NYSE:ACN ACN which broke to a new high earlier in 2021. Since then NYSE:ACN has grew by 36%; can we witness the same thing with NYSE:ABT . NYSE:ABT is a buy at this level with a stop at $124.30 Always practise risk management.
This stock just gave a breakout on a weekly timeframe. Please, keep eye on it. The risk reward ratio is also very good in this trade. We can expect a good target on this stock. Let's see.
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...
People have written obituaries about this stock, as it is not moving since March 2020. Stock has also closed below its 200 ema on a daily chart (which is generally considered bearish sign) I may be wrong here, but what i see is stock is nicely moving in flag formation on a weekly chart. It is consolidating for now. I will enter once that level breaks.
Technicals IHI is breaking out of a parallel channel with an RSI(14) = 69. A measured move to continue to a new channel, would take us to to $322 approximately. A close below $285 would negate the current up-trend. News ABT has come out with a COVID-19 test kit, which reveals the result in 15 minutes; it will cost around $5.
Sentiment: Bullish Reasons: Technical Analysis & News Catalyst News has just been released that $ABT has been approved by the U.S to begin working on a 5$ rapid COVID-19 antigen test. I find this to be huge considering the inconvenience in searching for a COVID testing facility in certain places in the U.S as well as the discomfort associated with the actual...
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...
If today we close above the flag pattern then this is a sign of a clear new uptrend pattern.
Please click like and follow me if you like my post. Much appreciated! SPX has been going on a W ride for a while and is currently only down around 15 percent from its mid Feb high, putting it in the midpoint of the correction and recession phase. If this trend continues on, it is safe to expect that SPX will more likely to challenge its mid Feb high than...
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)...
ABBOTINDIA has been in a catch-worthy uptrend. Those who are looking to enter have an opportunity here. Stock is finding support from 55 EMA. SL is 1 ATR below 55 EMA.
Looking forward for further correction in Abbott, to weekly MA(200) / channel downside