Abbot Laboratories $ABT "Cup"$ABT is forming cup needs to hold above $100 for a confirmation. watch for a heavy volume as well
12 months Consensus Price Target: $103.67
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ABTT34 trade ideas
$ABT Abbott Labs Breakout Targets
Potential long entry on break above ATH $100
Upside targets $105.$110 short term.
Bull Flag measured move to $125.
Moving averages may have to catch up before major move.
Volume spiked on impressive earnings.
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ABT Labs; perfect long-term investmentHello Traders!
Abbott Labs had been on a clear and strong uptrend for quite some time before the crisis in March/April. But now that it has recovered and broken out of the short-term downtrend bullishly, the MACD has moved away from the 9 EMA and the RSI is a good bit away from overbought, it is very likely that the price will regain its previous upward momentum and the 50 SMA will take up its role as strong support again.
This is a picture-perfect longterm investment! Don't waste this opportunity!
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Please, maintain proper position sizing and risk management!
$ABt Abbott Labs Upside Targets
Long term Bull-Flag break imminent.
Will be looking for volume increase.
Stop loss below $91.00
Upside targets as per horizontal resistance levels short term.
Longer term this could be the start of a huge move, news flow dependent
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