Possible bullish continuation flag to the all time highHere we see a downward flag ( bullish flag ) that formed from the uptrend after it reached the all time high. This could mean a possible uptrend continuation after the break of the flag going up.
We see some support below between 93 and 92, but it could possibly break that as well and change directions, but nothing is written in stone. We also have the COVID-19 going on, so that is something major that could cause it to change trends and continue down. We need to wait a few more days to see what it will do. We also have the COVID-19 going on, and that is something major that could cause it to change trends and continue down.
ABL trade ideas
ABBOTT LABORATORIESthe price makes a pull back on the yellow trend line.
if the price strongly breaks the yellow trend line and the small white rectangle, next target the red rectangle ($85.50)
if the price does not break the yellow trend line, next target $95 provided the price breaks the white horizontal line forcefully ($91.73)
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$ABT Heads into Coronavirus Testing Pole PositionABT shares are ripping higher in recent action as the company achieves the vanguard in COVID-19 testing with its 5-minute results method -- which looks likely to set the new standard and redefine how we track this tragic disease.
This comes off a massively oversold low, and now we are back in the prior long-term range with supports in place.
$ABT can fall todayLow volatility stock intraday trading strategy signal.
$ABT chart shows appropriate parameters to open position. Also, the true range is low enough today, so the price has good potential to fall.
I suppose, the price will be falling until market close, so short sell can be from $80,22;
stop loss — $81;
take-profit — $77,88 or market close price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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$ABT - Need Defense? Look No FurtherLargely seen as a defensive play, this stock actually has earnings growth and expansion. I believe it is only up from here - my year end price target is $98. If the price closes strongly below the ascending TL this trade will become invalid.
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ABT the cautious stockThis stock has been in a somewhat "predictable" sideways cycle with small up-down patterns for quite some time.
The profit taking range has been $87-$89. This is an easy buy below $79, and a half-decent buy at low $80s.
Look for continuation play at earnings.
As usual, take profits with a number you could be happy with especially at overbought/oversold levels.
Have a nice day!