ABT trade ideas
ABT - Potential bottom. Awaiting for confirmationAnother Signal of a potential bottom from my dBFI on the DAILY chart last friday(green arrow).
A move above sma14 will confirm the signal and probably price will probably move towards 44-44.5 (between 0.5-0.618 fib)
Abbott Labs (ABT) : After the long, now comes the short ??I started analysing stocks about 4 months ago with Abbott Labs. Went in long at $37.80 and got out at $40.50 with a $2.70 profit. I said it could go higher and it did. Now trading at about $45
Pattern identification
ABT has completed a bearish Bat pattern and it does not seem ready to fall.
First some word of caution (seems to want to go higher)
- Price seems to be supported by the PRZ
- last few days price action is a bit weird, open low and closed higher (green candles)
- RSI is already down to 56 and price has not dropped at all
Trade Execution
Ideally can go short when the price breaks below the PRZ, and together with RSI turning bearish when it goes below 50. RSI did show a bearish divergence, but this can easily come up once more to show us another bearish divergence.
Let's watch this together
Abbott Labs ABTLong off demand for 5 to 6 bucks. Nothing based on fundamentals. Strictly chart based.
abt - abbott labsbeing long the abt from 38.5 calls, which is the yearly pivot I expected resistance from the YP and a move upwards, which seems to be taking place. target is 42 area. 1.10.17 (m/d/y) high was 41.62!!
ABT aggressive resistanceABT as a more aggressive Weekly resistance play to hedge against market going bearish in ABT's time til earnings
Can Harmonic pattern work on Stocks ??It has been awhile since I last traded stocks, I have been focusing on mainly on the Forex market. I would like to add on some stock analysis here from now on. Why Abbot as my first analysis, we have been giving our kids milk powder from Abbot since they were born ;) (no I am not a spokes person from Abbot) hahaha
Price completed the Bat pattern at around 37.80 and price immediately reacted to that level. Now I am hoping for a retest of the level for an approximately 1:2 risk reward trade.
Cheers
Bearish GartleyBold assumption. I wanna say there's a trend reversal starting here with the whole acquisition of Saint Jude, but I trade patterns, not news.
small deviation in the stock marketA beautiful bullish gartley, i have open my position at 38.62 t1 hit but i aspect 42.80 for the final target. half position closet at 38.2 fibo stop loss at breakeven.
Abbot Labsblack line:
simply ab=cd pattern
red line:
difficult to trade!!!
important is 37,61.
if the level triggered is ur take profit at 43,7
look there for a reversal!
green line:
difficult to trade but best crv!!!
important is also 37,61 and 36,1 but not 35,28
AND
if the level triggered above 43,7 is it going up to new higher highs
how to trade?
look for a gap or look at a nr7 bar at a smaller timeframe
Stopp Loss beyond 35,2 - moneymanagement is yours!
have fun
ABT Strong move expectedTraders,
Picked up this nice breakout.
We saw an very strong impulse followed by an retracement.
This could be a good move to the upside!
Best of luck
Previous resistance now support. Retest and fly.ABT recently broke the resistance of the down trend. It's coming down now to retest it (previous resistance which now is support). Probably should have waited until it will touch the trend line ($41-$42), but I got excited by the price meeting multiple EMAs and I initiated a long position at $42.
Abbot Labs - ABT - Monthly - What to expect when investingThat chart comments say it all:
You need to know that investments are far more volatile than what people discuss and far more than most people can handle because you need to expect to see big declines from time to time because that's just what happens. If you borrow money to buy stocks, you will take too much pressure and face liquidation by the margin department that loaned you the money to buy the stock. Look at all of the big percentage declines and also look at the fact that the dividend is now as great as the stock price was 45 years ago. Now that is compounding for the long term!
Tim
November 6, 2015 $45.18 last ABT, up from $0.30 in 1971
