Abbott Laboratories may fall to 90.90 - 93.20

Our pivot point is at 105.5.

Our preference

The downside prevails as long as 105.5 is resistance.

Alternative scenario

Above 105.5, look for 109.5 and 111.8.

Comment

The RSI is below 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 103.5185 and 103.8606).

Supports and resistances

111.8 **

109.5 *

105.5 **

103.9

102.03 (USD-last)

95.5

93.2 **

90.9 *

88.6 **

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