ABTBreak trendline. Entry on retest or consolidation after breaking the trendline. Let c how this one goes.
ABT trade ideas
Flag Pattern on ABT, the way we will trade itToday we will show our analysis and setup we are planning to take on ABT
Technical Overview:
-The price is inside an ascending channel
-Currently is in contact with a key support resistance zone + the ascending trendline
-In Technical analysis confluence situations provide interesting places to think in terms of buying or selling pressure
Setup development:
-We can see an ABC pattern on the confluence zone (support resistance zone + ascending trendline)
-IF the price reaches the green line we will consider that as a trigger for our view. We will set stop loss below the structure, break-even on the first fibo extension and take profit on the final fibo extension
-IF the price doesn't reach the green line, and keeps falling below the Flag pattern, we will cancel our bullish view.
-Risk we are taking on this setup: 1% of our capital
Thanks for reading!
Abbott Price Target: 140Abbott delivers double-digit underlying organic growth in 2021 and sees >$6bn in COVID-19 Revenues
Abbott has high exposure to emerging markets and consumer-directed businesses, driving the potential for sustainable double-digit earnings growth
Leverage opportunities are visible across multiple business segments including Nutrition, Diagnostics, and EPD
ABT IdeaABT go to all time high in 124.82, in good conditions if break out TopBox and create new all time high
$ABT had a good run as expected$ABT signal was given on the 5th of Jan and it has more than a 15% surge. As I had mentioned this is a very slow stock, but a very steady one so the momentum we got in the last few days WHILE THE MARKET WAS BEARISH was impressive. I am expecting a cooling-off set of days probably hitting the support line of the bullish channel and then some more surge. FYI I have no positions on this stock anymore
Abt will be passing $120 sooner than laterAbt has developed an ascending triangle and even though friday's close was less than desired a strong catalyst is going to send this to the stratosphere. Abt began rolling out their rapid tests last quarter so couldn't really capitalize on that. However, all they have been doing since then is selling rapid tests, TO THE WORLD! I suspect this ER will show that they've made the most money they have ever made in a quarter. While everyone's eyes is on appl and tesla (same day earnings) i will be happily on board with ABT. Happy trading.
$ABT with a bullish outlook following its earnings #BeststocksThe PEAD projected a bullish outlook for $ABT after a positive under reaction following its earnings release placing the stock in Drift A
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A Bullish breakout means a 15% upside potential / ABTToday, we will take a look at ABBOTT laboratories.
- From a technical perspective, the price is above an ascending channel
- Since August 2020, we observed a 150 days consolidation
- We can now see an ascending triangle, which is considered a continuation pattern once the flat line is broken.
- IF we have a clear breakout, we expect a bullish movement towards 132
- ABBOTT is an extremely bullish stock that has been performing really well (+80% in 2020)
- We will consider that the setup is no longer valid if the price goes below 99USD per share
Potential breakout into earningsThe stock has been in a range since August but earnings could be a catalyst for a further move higher
ABT Ascending TriangleABT has been squeezing and moving within this triangle, it's very possible to see it move up through this minor gap fill and break the resistance at 114 for all time highs. IV is low, could be a great entry for calls.
ABT 1-13-2021 LONG TRADE112.15 ENTRY PRICE.
100.94 10% STOP LOSS.
117.76 5% TARGET.
123.37 10% TARGET.
Volume 100%.
200 sma inclining showing uptrend.
RSI above 50 level.
Price had a brief 3 bearish candle pullback that stayed above 20 sma.
Current price candle was a large body bullish reversal candle.
Price created a new high.
ABBOTT Labs running catch-up to their 52Week High's.Abbott Labs flashed a BUY signal a few days ago and has been running a choppy race to their 52 Week High
Happy Trading, from CJ -- aka the greatest FURU.
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Abbott Laboratorias - Is it breakout time?ABT has been around one level for some time, with new projects for 2021 and general optimistic markets I think now could be the time for breaking out of the nearly horizontal channel. I'm bullish!
👀🚨SUNDAY OPTIONS WATCHLIST 12/20/20🚨👀 Will definitely be watching this one. Heavy volume Friday as it continues this short term uptrend. Want to see this one push through 109.75 -110. MACD on daily has crossed up. Looks like it has enough strength to break its downtrend from it ATH for a test of this high and potential breakout. Will be looking to take some calls with a decent amount of time.
$ABT - C/H$ABT
C/H, double bottom bounce, crossed 200day EMA on 1hr chart… 3,2,1 blastoff.
“I’m not an expert but I have watched a lot of youtube videos.”
NYSE:ABT
ABTLONG TERM: In an ascending triangle with 1hr classic bullish divergence, 4hr classic bullish divergence, and daily hidden bullish divergence. Needs to pivot here which makes risk management easy. (Not financial advice)
ABT Long IdeaOn the 30 minute timeframe, at the bottom trend time and a bottom horizontal support level. Look to get a bounce higher.
