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- We will consider that the setup is no longer valid if the price goes below 99USD per share
