Abbott Trading Analysis (07/10/2024)
The trend is ascending. The stock is trading in a range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trading idea:
- Buy at the beginning of the formation of the rising wave structure, when the wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss at 111.65.
- Price targets at 114.80 and 118.30.
#abbott #abbottlaboratories #stock #stockstrading #tradersroom #daytradingpatterns #forexexpertadvisor
