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Abbott Laboratories Trading Analysis (20/09/2023)

The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Abbott Labs price chart as of 20/09/2023 with technical indicators

Trading analysis:

Buy at the formation of the uptrend wave structure, where the A-wave breaches the sloping channel of the descending truncated structure.

Stop-Loss: 99.68.

Target price channels: 105.00, 112.50.

#abbott #stock #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

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