Abbott Laboratories may fall to 105.10 - 106.80

Our pivot point is at 116.5.

Our preference

Target 106.8.

Alternative scenario

The upside breakout of 116.5 would call for 119.3 and 121.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (114.8785) but above its 50 day moving average (110.94).

Supports and resistances

121 **

119.3 *

116.5 **

115.3

112.61 (USD-last)

108.5

106.8 **

105.1 *

103.3 **

Number of asterisks represents the strength of support and resistance levels.