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Abbott Laboratories (NYSE) analysis, chart, and trading idea



#ABT
 


 
The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. The descending truncated wave structure developed into the breach of the inclined channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought status.

 

Trading idea:


Buy at the breach of 107.00 level

Stop-Loss at 105.50

Target price levels: 108.50; 112.50

Author: GC
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