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-We will consider that the setup is no longer valid if the price goes below 99USD per share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-We will consider that the setup is no longer valid if the price goes below 99USD per share