Abbott Laboratories may rise to 108.70 - 110.40

Our pivot point is at 100.3.

Our preference

Short term rebound towards 108.7.

Alternative scenario

The downside breakout of 100.3 would call for 97.5 and 95.9.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 103.803 and 105.8038).

Supports and resistances

112 **

110.4 *

108.7 **

107

103.68 (USD-last)

101.3

100.3 **

97.5 *

95.9 **

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