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ABT

Medical devices will winHealthcare 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) and IBB (Biotechnology) have been outperforming, and will likely continue to do so. The 3 most important holdings of the ETF will be very important during this pandemic: 1. ABT (diagnostic test for COVID) / 12.63% 2. MDT (medical ventilators/respirators) / 12.52% 3. TMO (diagnostic test for COVID) / 10.82%
AMEX:IHILong
by dorfmanmaster
$ABT - Need Defense? Look No FurtherLargely 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 I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation!
NYSE:ABTLong
by chartsareforships
ABT / BTC Price Analysis: Arc of Strange GainsArcblock / 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 indicators are bullish on the four-hour time frame, although they are starting to appear overstretched. Pattern Watch Traders should note that the ABT / BTC pair has now extended beyond the bullish target of the inverted head and shoulders pattern on the four-hour time frame. Relative Strength Index The Relative Strength Index on the four-hour time frame is bullish, although it is now extremely overbought. MACD Indicator The MACD indicator on the four-hour time frame remains bullish and continues to generate a strong buy signal. Fundamental Analysis Although ABT price has increased over 200% for the past two weeks, it’s hard to find any meaningful reasons that are driving this upwards momentum. In fact, this looks like an attempt to pump the coin, since ABT is primarily trading on exchanges that are known for inflating trade figures. Arcblock / Bitcoin Medium-term price analysis ABT has turned bullish against Bitcoin over the medium-term, with the ABT / BTC pair advancing well above its trend defining 200-day moving average. The daily time frame is showing that an inverted head and shoulders pattern has been triggered, with the bullish pattern now reaching its full upside potential. Technical indicators on the daily time frame are bullish, although they are starting to appear overstretched. ABT / BTC Daily Chart by TradingView Pattern Watch Traders should note that a much larger inverted head and shoulders pattern could start to take shape on the daily time frame. Relative Strength Index The RSI indicator has moved into extreme overbought territory on the daily time frame, which could signal an eventual technical correction lower. MACD Indicator The MACD indicator is currently generating a strong buy signal on the daily time frame. Fundamental Analysis In the medium term, the project looks speculative. Such a high increase in price will likely result in the correction of a similar magnitude, unless the project implements fundamentals that could support its current value. Conclusion Both the four-hour and daily time frames highlight the strong bullish breakout that has recently occurred in the ABT / BTC pair. Traders should monitor the daily time frame closely, if the recent rally continues then a much larger inverted head and shoulders pattern could start to form. However, the unusual pattern should be noted, and if no discernible reason for the increase appears soon, the possibility of a correction must not be ruled out.
ALong
by CryptoBriefingTA
Ripple XRP Bullish Wedge inside of a Big Triangle, Part 2So 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 at this stage. I rather look at the range it's in now, between the red and green zone on the right. A candle close above or below those levels, will probably show us the real direction. That channel on the right could be a first small sign. The big blue triangle on the left seem to be legit as well, which will show us the direction for the coming month or 2 if that one breaks. But for both sides, volume needs to confirm the breakout. Please don't forget to like if you appreciate this Previous analysis:
BITFINEX:XRPUSD
by botje11