Abbott Labs sinking it down the sink. ABTImmediate targets 112, 109. Invalidation 133.
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 statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
0Q15 trade ideas
$ABTPotential Dragon Pattern (*Do not like the fact that it has closed under support - more caution taken)
Triple classic bullish divergence on the Daily MACD and RSI. Classic bullish divergence on the 4hr MACD and RSI.
Looking for a 0.5 fib extension move (could fill a gap on the 4hr through this).
Abbott divergent. ABTShort 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 statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
List of US stocks setting up VCPs for possible long entriesResult of our VCPSniper analysis helping us (and you) to quickly scan through 1000s of names to create a short list of actionable stocks. We always look for price tightness and trend template criteria as defined by Mark Minervini.
We publish videos couple of times a week and also add additional analysis on stock by stock basis.
The entry should be at the break of the VCP and stop loss MUST be always in place. Your entry needs to take into account your risk appetite. Do not chase stocks that gapped up! There will be another day!.
Offshore Watchlist: Abbott Labs (ABT)Offshore - Abbott Laboratories (ABT, $128.45)
Sector: Healthcare: Medical Devices
Recently raised annual outlook while reporting earnings above analyst estimates.
Abbott raised its outlook for 2021 adjusted earnings from continuing operations to between $5.00 and $5.10 per share, compared with its previous forecast of $4.30 to $4.50 per share.
On an adjusted basis, the company earned $1.40 per share, beating estimates of 95 cents per share, according to Refinitiv IBES data.
Technical Setup: Consolidating below year-to-date highs while developing a pennant. I like it +$130, with a stop of $123.40.
ABT Abbot Laboratories A Long OpportunityI was looking at $ABT on the daily and 2H chart and my set up tells me that there is a probable long opportunity at present with a decent 1:2 RR. Earlier the stock could not break out of 130 levels. This time around, if it does that, then it will be a good trade. I am recording this opinion for my reference. Feedback welcome.
$ABT with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ABT after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 83.33%.
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