Abbott Trading Analysis (06/12/2024)
The trend is up. The share trades in the range between 365 and 135 EMAs. The downward truncated wave structure ended with the breach of the sloping channel. The Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy at the beginning of the formation of the rising wave structure.
- Stop-loss at 114.80.
- Price targets at 117.40 and 120.20.
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