#ABT
The stock is trading in the range of the lower border of the ascending price channel. Stochastic Oscillator signals an oversold condition. A breakout of the inclined channel of the descending pattern will result in a further upward movement.
Trading recommendations:
Buy when a 1-2-3 ascending pattern is formed, where wave 1 breaks through the inclined channel of the descending pattern.
Stop Loss: 105.50.
Target levels: 111.50; 114.53.