Let's keep an eye on ABT! 👁ABT looks interesting, and it is worth to keep an eye on it! We have a pivot point at 109.52, and this might push ABT to higher levels. It must not break the 107.61, because we have a huge head and shoulders pattern here!
In the 4h ABT just hit one of the fibs retracements, and now it is ready to trigger the pivot point at 110.86.
If it breaks the first pivot in the 30min, I think ABT might close the gap at 116.51, but we’ll see.
We also have a support at 105.37, and we are doing some good movements from here. It seems a fine idea: Tight stop-loss and good upside potential.
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See you soon,
Melissa.
