On January 29, I shared the following chart of ABT. I noted that the stock had reclaimed its long-term channel, and it has been following a bullish fractal since the start of 2022 (You can review the Jan post by clicking here). However, the stock would make one final drop before rallying as the fractal suggested. Like clockwork, that dropped arrived.
Let’s review the price action since January 29th and where the fractal expects the stock make a reversal.