Abbott Laboratories may fall to 95.60 - 97.40

Our pivot point is at 105.8.

Our preference

The downside prevails as long as 105.8 is resistance.

Alternative scenario

Above 105.8, look for 108.8 and 110.5.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 104.684 and 104.7622).

Supports and resistances

110.5 **

108.8 *

105.8 **

104.5

103.2 (USD-last)

99.1

97.4 **

95.6 *

93.8 **

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