Abbott Laboratories
Panjang

ABT -CUP and Handle

48
A little late posting this idea but I believe I identified a cup - and- handle pattern on the daily chart in ABT. I was able to enter the trade in the pull back of the 'handle' when volume was starting to dry up at $113.25. Prior to the formation of the pattern there was a ~29% run up on the stock. Playing this conservatively I am setting my price targets at 12% ($134.40) and 24% ($148.8) above the high of the pattern. Where I will sell half of my position at the first target and the second half at the second target. Initially my first Stop Loss is set just beneath the 'handle' at $106.99
syot kilat

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