A Bullish breakout means a 15% upside potential / ABT Alış

Abbott LaboratoriesNYSE

Açıklama

⋅ 21 Oca 2021 12:53

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-We will consider that the setup is no longer valid if the price goes below 99USD per share

Yorumlar

Gunboat406

⋅ 21 Oca 2021 19:47

Nothing better than fundamentals matching the chart pattern! ABT's BinaxNOW COVID-19 is the #1 rapid test in the US for good reason, 97.1% specificity in 15 minutes. Cost of $5 to qualified organizations, such as HHS, states and universities. They now have a $25 at home test. Moreover, their phone app, NAVICA, that can be used to show certification of results. This to be the real start of disruptive technology that can be applied to loads of other diagnostic tests in the future! Who would have thought good old Abbott had this potential!

ThinkingAntsOk

⋅ 21 Oca 2021 20:36

@Gunboat406, Thank you very much for your complete and informed comment! These are the types of ideas that make the trading community better!

Daha Fazla