I have been eyeing ABT for a while for my longer term account. The company is diverse, recession resistant, and forming my favorite wedge pattern on the monthly. This is a very long term chart, the dividend is nice, and I believe Healthcare remains undervalued relative to the market. I foresee a higher timeframe reversal on this and similar stocks. A resolution sometime between late fall and next summer early.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.