Abbott Laboratories may fall to 96.10 - 97.40

Our pivot point stands at 104.

Our preference

The downside prevails as long as 104 is resistance.

Alternative scenario

The upside breakout of 104 would call for 106.3 and 107.6.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 104.0085 and 107.2046).

Supports and resistances

107.6 **

106.3 *

104 **

103.2

102.19 (USD-last)

98.8

97.4 **

96.1 *

94.8 **

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