Abbott bullish for Q4 2018Abbott is currently supported by good Q3 results and the sellers are blocked by 3 key support: the EMA50, the AS1 support (strong ascending support born in july) and AS2 (mid support of the canal C1).
ABT trade ideas
$ABT - GET READY DON'T SLEEP ON THIS Yo I haven't seen this type of chart in a whileeeee! Hella rare, but using my MA strategy, I call it the "Surfer Stall" lol. 55 low MA surge on top of 180 WMA where price tends to re-trace before taking the FUCK off. Just came across this one going over some intra-day scans to find setups, A+ setup & out of each chart I screenshot (regardless of if I post or not) - Surfer stalls are the least type I come by. Avg true range isn't anything to get excited about, but an OTM call for Aug makes it all the more a discount. Not even hype over that, just more of the fact that I saw this type of play when I haven't in a while lol. I think the last one I saw / posted was $KMG (). Recently changed my lower EMA's around a tad bit to shoot of better accuracy of fib (223%) re-traces, but I think this could essentially see 200% @ or around $65.72 if not 223% ($67)
Upward channel; doesn't respect bull flagsIts currently in the middle of the channel;
I see it hitting the bottom and bouncing off upwards
ABT - Resistance broken- Broke through resistance
- Back testing on support
If there's an upward movement after the back test it could make a nice move
ABT Detected possible FDA approval!!!ABT: abbott laboratories
2018-07-12 09:00:13
Detected possible FDA approval
ABOT Up TrendABT's robust pipeline confirms positive earning for the quarter.
On the Technical aspect we can observe a monthly divergence.
Also if we move to the 4 Hour Chart we can look the break of the short trend and moving back up again .
ABT- Cup and HandleSome nice consolidation even on the rough down days as of late. With a few more days, could be a C&H
Bearish GartleyBearish Gartley with bearish divergence. Notice how price reacts to the potential reversal zone, this makes the pattern much more valid.
Measurements
- .786XA
- 1.618BC
- AB=CD
ABT - Wait for new highWe expect new peaks, after the consolidation of the price near the local level (blue bar). Similarly, the position will be transferred to the breakeven at that moment, as the price may turn from it and go for a deeper correction.
P/E 61.27
Forward P/E 19.81
Open 61.53
SL 60.13
TP 67.13
Ratio of risk to profit 1: 4
Good Luck!
$ABT & I are both due for a short $ABT is a bit of a stretch for an analyst's reccom for a long position. Would've thrown a pitchfork in to show the extremities of a re-trace but I'm sure you can use your imagination for a bullish gartley once 61% - 127% fib re-trace is done with.
PfizerPfizer, like GSK is reporting on 1st August for their earnings. Another exciting stock caught in a range.
Since this stock has yet to trend but is still caught in the consolidation phase, actionable regions are maintained at those price balloons on the chart.
The argument for bullish price action is the same as GSK.
