Abbott Labs Shakes Off Downtrend, Sets Sights on $142 milestone

20 Okt

• In December 2021, the stock price hit an all-time high near the 142 mark, after which it experienced a significant drop.
  
• Following this decline, the price found support around the 90 level and began to recover.
  
• Last week, the stock managed to break through the upper boundary of the descending parallel channel, setting the stage for additional upward momentum.
  
• An immediate resistance level is noted at the 122 level, and a substantial movement is expected if this level is surpassed.