Abbott Laboratories may fall to 94.60 - 96.40

Our pivot point stands at 106.3.

Our preference

The downside prevails as long as 106.3 is resistance.

Alternative scenario

Above 106.3, look for 109.5 and 111.3.

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 104.561 and 104.5006).

Supports and resistances

111.3 **

109.5 *

106.3 **

105.1

102.12 (USD-last)

98.3

96.4 **

94.6 *

92.8 **

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