Medium term view - ABBOTT LABORATORIES : All-time-high
The trend has been momentarily interrupted by a correction. It approaches the support at $55.30, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at $67.80. The invalidation level is below $55.30.Arguments :
- The major support is close.
- Prices made a new all-time-high, this confirms the strength of the trend.
- The moving average is supporting prices.
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