Get started
Abbott Laboratories
Long

Abbott Labs Shakes Off Downtrend, Sets Sights on $142 milestone

  • In December 2021, the stock price hit an all-time high near the 142 mark, after which it experienced a significant drop.
  • Following this decline, the price found support around the 90 level and began to recover.
  • Last week, the stock managed to break through the upper boundary of the descending parallel channel, setting the stage for additional upward momentum.
  • An immediate resistance level is noted at the 122 level, and a substantial movement is expected if this level is surpassed.
NaranjCapital
🌐 naranjcapital.com
🎖️ CMT (usa) & CFTe (usa) chartered

🇺🇸 Telegram - USA Stocks Trading Advice
t.me/Naranj_USA

🇸🇦 Telegram - Saudi Stocks Trading Advice
t.me/Naranj_KSA

🤝 Contact Us
bio.link/NaranjCapital
Also on:
abbottabbottlaboratoriesabbottlabsbreakoutChart PatternsTechnical IndicatorsnaranjcapitalstocksanalysistradingideasTrend Analysisusstockmarketusstocks
NaranjCapital
🌐 naranjcapital.com
🎖️ CMT (usa) & CFTe (usa) chartered

🇺🇸 Telegram - USA Stocks Trading Advice
t.me/Naranj_USA

🇸🇦 Telegram - Saudi Stocks Trading Advice
t.me/Naranj_KSA

🤝 Contact Us
bio.link/NaranjCapital
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.