Abbott Trading Analysis (06/09/2023)

The bears are almost at the level of 100.60. The descending wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

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

Stop-Loss under the local minimum of 100.60.

Target price levels: 105.90, 112.50.


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