ABL trade ideas
daily analysis of ABBOTT LABORATORIES Hi friends
the daily chart of this market shows with a high probability an uptrend in the next days but at the same time it is better to be vigilant of the change of direction towards the opposite please subscribe to receive more analysis
COVID-19 TEST RECEIVES FDA EMERGENCY USE AUTHORIZATIONABBOTT'S FAST, $5, 15-MINUTE, EASY-TO-USE COVID-19 ANTIGEN TEST RECEIVES FDA EMERGENCY USE AUTHORIZATION; MOBILE APP DISPLAYS TEST RESULTS TO HELP OUR RETURN TO DAILY LIFE; RAMPING PRODUCTION TO 50 MILLION TESTS A MONTH
- Abbott's BinaxNOW™ COVID-19 Ag Card is a rapid, reliable, highly portable, and affordable tool for detecting active coronavirus infections at massive scale
- Test delivers results in just 15 minutes with no instrumentation, using proven lateral flow technology with demonstrated sensitivity of 97.1% and specificity of 98.5% in clinical study
- Abbott to offer a no-charge complementary phone app, which allows people to display their BinaxNOW test results when asked by organizations where people gather, such as workplaces and schools
- Company will ship tens of millions of tests in September, ramping to 50 million tests a month at the beginning of October
-Abbott will sell this test for $5
-Abbott will ship tens of millions of tests in September, ramping to 50 million tests a month at the beginning of October. The company has invested hundreds of millions of dollars since April in two new U.S. facilities to manufacture BinaxNOW at massive scale.
abbott.mediaroom.com
This is not a test for asymptomatic people. I’ll perk up when the asymptomatic test launches.
twitter.com
$ABT Abbott Labs $125
Having missed out on this move pre-market, its maybe
wise to wait for the Fibonacci resistance to break @ $116.32.
1-2-1 extension target is then $124.54
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$ABT Cup and Handle Pattern Formation on DailySentiment: 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 process. In addition price action is just nice if Im being honest. It has underwent a long series of consolidation and converging trendlines and is due for a breakout.
$ABT can rise in the next daysContextual immersion trading strategy idea.
Abbott Laboratories discovers, develops, manufactures, and sells health care products.
The share price rose after a good earnings report.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $100,35;
stop-loss — $97,00.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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V Bottom Rising WedgesRising wedges are often bearish at the top. Has broken out of V Bottom. Targets are listed for V Bottom. I am neutral until it falls. If it falls
Strong stock so may or may not fall out. Possible just to dip out with the tail of a candle then resume uptrend.
Not a recommendation
Abbott Laboratories (ABT) - stay long for 5th wave upAbbott Laboratories (ABT - SPX) is in ABC zigzag up move in 4 hr time frame. It is in 5th subwave up of C wave, so go long in small pull back with stops below 99.11 for target above 104 or higher price. B wave spent enough time to fuel up the price.
I can't see this $ABT go wrongHere $ABT broke out of a bull flag and had boosters from ER results. I can see this easily hitting $103. It found support at 97$. I can't see what bad news this company will receive in the coming weeks. Solid products and one of the market leaders in covid and diabetes testing. IMO this will eventually be a $150 stock.... Just not next week lol.
Abbott Receives FDA Approval for iOS-Compatible App Allowing PeoABT: Abbott
2020-07-23 09:00:00
Abbott Receives FDA Approval for iOS-Compatible App Allowing People Living With Chronic Pain and Movement Disorders to Personalize Therapy Via Their Mobile Device
Abbot Laboratories $ABT "Cup"$ABT is forming cup needs to hold above $100 for a confirmation. watch for a heavy volume as well
12 months Consensus Price Target: $103.67
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$ABT Abbott Labs Breakout Targets
Potential long entry on break above ATH $100
Upside targets $105.$110 short term.
Bull Flag measured move to $125.
Moving averages may have to catch up before major move.
Volume spiked on impressive earnings.
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