This is a quick update to my previous post mentioning ABT showing relative strength within this bullish channel. The channel shown was originally drawn a few weeks before we made this move. It is really fun to see how the once resistance level, has now become it's support while we move to the upside.
Current resistance sits at 4.74 - past history does not gurantee anything in the future, however if we keep the same bullish pennant set ups, we COULD see ABT breaking into the $5-$5.80 range sooner than later.
As always, just my humble opinion, and trust me, I am often incorrect, so please do not make any of your decisions based off my thoughts. However, I am always welcome to feedback and oppossing ideas.
Cheers.
Current resistance sits at 4.74 - past history does not gurantee anything in the future, however if we keep the same bullish pennant set ups, we COULD see ABT breaking into the $5-$5.80 range sooner than later.
As always, just my humble opinion, and trust me, I am often incorrect, so please do not make any of your decisions based off my thoughts. However, I am always welcome to feedback and oppossing ideas.
Cheers.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.