ABT – Clean Technical Setup with Strong Risk/Reward

22 May

📈 Ticker: ABT (Abbott Laboratories)
🕒 Timeframe: Daily
💡 Strategy: Ichimoku + MACD + Risk/Reward Setup

Abbott (ABT) is showing a compelling long opportunity after a pullback to the Tenkan-sen (conversion line) within the Ichimoku Cloud structure. Price action remains bullish as it respects the cloud, and the MACD just crossed bullish recently—momentum is still positive despite today’s dip.

🔍 Key Levels

Entry: ~$131.53
Stop: ~$128.20 (below the cloud base & local support)
Target: ~$144.66 (previous R1 pivot zone)
R:R = 3.92
💬 Why This Trade?

Price is supported by the cloud and hasn’t broken structure
Strong MACD momentum despite minor consolidation
Healthy pullback offers a low-risk re-entry point
ABT is fundamentally strong with consistent EPS growth and global demand across diagnostics and nutrition

🧠 Bonus: ABT's diversified healthcare portfolio provides a defensive edge, especially during macro uncertainty. Upcoming earnings could be a potential catalyst.

28 May

İşlem aktif

Adding more to position here:

2 Haz

İşlem elle kapatılmış

Still think that has potential but not moving fast enough for me. Closing this one out and focusing on better trades.

4 gün önce

Not

4.6% gain.