Aug. 11 at 11:40 PM
Abbott Laboratories
$ABT (8h)
Bullish Flow: Direct opening sweeps are repeatedly hitting October
$110 Calls (2,764 OI), aggressively absorbing ask liquidity as spot price trends higher near
$108.80. Institutional buyers are treating the post-earnings breakout as prime accumulation vehicle gross margins expand 100 bps to 58% and
$2.1B in quarterly capital returnconfirms elite balance sheet execution. 🐂 💧
Bull Key Level:
$114.80 (Bull confirmation to clear primary upper wick friction and unlock explosive trend expansion) 🐂 🔥
Bear Key Level:
$93.50 (Absolute structural breakdown defense level and lower volume shelf) 🐻 ⚠️
Targets:
$122.00 /
$130.00 💰 🍺
Why: Price action has cleared its primary 8-hour moving average ribbon and turned sharply higher with expanding green volume bars. The RSI indicator is holding firmly above 60 out of oversold territory, signaling buyers maintain complete structural control over the baseline.
#abt | #hovdid
