ABT trade ideas
Abbot Labs - ABT - Monthly - What to expect when investingThat chart comments say it all:
You need to know that investments are far more volatile than what people discuss and far more than most people can handle because you need to expect to see big declines from time to time because that's just what happens. If you borrow money to buy stocks, you will take too much pressure and face liquidation by the margin department that loaned you the money to buy the stock. Look at all of the big percentage declines and also look at the fact that the dividend is now as great as the stock price was 45 years ago. Now that is compounding for the long term!
Tim
November 6, 2015 $45.18 last ABT, up from $0.30 in 1971
@jmolinaI'm honestly not sure what to think right now. We recently broke the neckline on a head and shoulder's pattern and we just broke the 200 MA. However, RSI is oversold and the wick stopped right at a resistance and just below the .618 fib line (I'm really not a fib expert). Since you are still in it, I think there is more downside back to 33.72, but then we may bounce a it before ultimately moving lower. Since I am not in, I don't think I'd take a position until we close below 33.65 and then I could see 31.11 being a realistic medium term target. I just think overall this chart isn't clear enough for me to take a position on. Any thoughts?
stocksncash.wordpress.com
Partial off at new highboth 60m and daily r OVERSOLD. This doesnt mean it wont go higher. I m just being cautious
Long ABTGet into long term trend
Confluence zone
Multiple cross of trendlines
Current point is catalyst point for continuation of trend
