ABT is showing a classic Bearish Flag. Don't miss the move.
Bearish continuation if preceding move was down.
Technical analysis of Abbott Laboratories (ABT) reveals a significant setup. Currently at $87.28, the asset is showing downward momentum (-1.24%). Price action has carved out a classic Bearish Flag. This setup is supported by average volume turnover. A potential breakout level is identified at $81.97, targeting $47.85 with support near $89.34 (R:R 4.63).
What is your outlook on ABT?