Abbott Trading Analysis (10/04/2024)
The trend is ascending. The stock is trading in the range between 365 and 135 ЕМАs. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy at the breach of 127.60.
- Stop-loss at 120.45.
- Price targets at 133.50 and 140.00.
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