Abbott Trading Analysis (08/04/2024)

The trend is ascending. The downward wave structure is truncated.There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals and oversold condition.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward truncated structure.

Stop-Loss at 109.10.

Target price levels at 114.00 at 120.00.

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