ABT trade ideas
ABT Long, add position to existing trading plan (05/15) Condition:
1. False breakout stopped most of the positions bought in the demand zone.
1.1 After big down move
1.2 consolidation in Demand Zone
1.3 Break through the Demand Zone
1.4 One bar down, next bar up, closed Higher than previous high.
1.5 Up bar closed Higher than Demand Zone;
2. Down Trend line break.
3. 60 min demand zone confirmed
Entry: 90
Stop: 87.5
Target: 98; risk/reward=1:3
This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
From now on, if I got more confirmation,
I will begin to add position to existing trading plan.
ABT Long, demand zone confirmedCondition:
1. weekly chart in uptrend (Price>EMA144>EMA233)
2. Runaway Gap (G1) Shows 40% of the trend.
3. 60 min demand zone confirmed
Earning Date: 7/16/2020. It will not affect this trading plan.
Estimate: Breakaway Gap (G2) up in next week.
Entry: Below 90
Stop: 88
Target1: 98; risk/reward=1:4
Target2: 108; risk/reward=1:9
This is a trading school homework. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
$ABT Bull Flag Breakout , Back to $100
Having previously rejected at the $100 level, the stock has consolidated and has broken out form a bull flag.
Indicators have worked of overbought conditions on the daily chart also.
The company has huge momentum and sentiment sway behind it and government
PLEASE GIVE US A LIKE OF LEAVE A COMMENT IT REALLY HELPS TO MAKE OUR CONTENT VISIBLE.
Bullish Breakout of Lightning CloudThe stock has formed an inverted head and shoulder pattern in Apr, 2020 and turned the outlook to positive. The prices are supported by a bullish trendline, which also confirms a positive trend. In addition, the stock has broken above the upper boundary of a bullish flag pattern and has just broken above the lightning cloud with a larger white candle. The 50-day (blue line) moving average is turning up and is likely to cross above the 250-day (red line) one in sight. The daily RSI is supported by a bullish trendline and is heading upwards above its neutrality level at 50%. The MACD is above the 0-level and is turning up, while the MACD histogram is narrowing.
In sum, the technical picture of the stock is positive. Above lighting cloud, the stock is likely to further upside and challenge the next resistance at $100 again. A break above this level would call for a further advance towards $103 (127.2% fib. Extension between point A and B).
ABT hit the supportABT hit the support and now is going straight up. It is expected to go all the way up to $100.06 the resistnace.
ABT - Price Pattern Analysis/Falling WedgeBelow is a detailed chart of some of my favorite trading techniques and how they apply to day trading - more specifically here is the falling wedge. This is one of my favorites to trade - especially after an uptrend like in ABT, as they are heavily biased towards bullish breakouts. These offer great potential from a risk-reward point of view - limited downside but high potential. Highly recommend adding this tool to your arsenal if you aren't already familiar!
Abbott Laboratories (ABT - US) Buy for 5th wave upAbbott Laboratories (ABT - US) looks like 4th wave completed on trend channel. It’s out-performing the market. Buy with stops below 92.75 for target of above 100. Volume supported by earning date.
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.
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)
don't forget to subscribe to receive updates if you find interesting what I do
Abbott Laboratories [ NYSE: ABT ]Abbott Laboratories
Pending Order Placement
Entry Placement 95.90
Take Profit Placement 106.62
Stop Loss Placement 88.75
ABBOTT LABS BREAKOUT TARGET $100
Big day for ABT tomorrow as earnings are announced,
Company has been extremely active in COVID-19 testing and carries a lot of expectation.
MACD & Histogram very Bullish
RSI has room to run higher
potential Bearish GartleyIt seems that a potential Bearish Gartley is forming that aims to be completed at 86 to 87.
