The Weekly Displays that of a major up-move to be expected
-MACD displays continuous reduction in its selling momentum
-
ABT
bounced off of its 20ma
-Daily Displays a bounce off of Fibonacci support
My first price target is the upper Bollinger Band which is 125, but I expect ABT to continuously rise until we see a reduction in buying momentum via the weekly. The %B indicator isn't signaling that of the greatest entry but it may be nice for those that want to catch the up-move. Although I am bullish on this stock, Powell will be speaking this upcoming week so the markets may be more volatile then usual.
-MACD displays continuous reduction in its selling momentum
-
ABT
bounced off of its 20ma -Daily Displays a bounce off of Fibonacci support
My first price target is the upper Bollinger Band which is 125, but I expect ABT to continuously rise until we see a reduction in buying momentum via the weekly. The %B indicator isn't signaling that of the greatest entry but it may be nice for those that want to catch the up-move. Although I am bullish on this stock, Powell will be speaking this upcoming week so the markets may be more volatile then usual.