38.2% Fibonacci Retest Buying Opportunity?Abbott LaboratoriesBATS:ABTAlphaFox-TradersThe stock has shown a strong bounce after finding support near the 23.6% Fibonacci level, with previous support zone. Instead of buying after such a big green candle, Wait for a pullback toward $95.30 (FIB level 61.80). If buyers step in again and the price starts moving higher from there, it could offer a better entry with less risk. stop loss would be $88.80 just below the FIB level 23.60, if a daily close below this level would make the bullish setup no longer valid. TP1: $99.40 TP2: $103.50 TP3: $108.60 TP4: $116.90 Wait for the price to come to a good support area and let the market confirm the direction before entering. Disclaimer: The information provided is for educational and informational purposes only. It does not constitute financial or investment advice. Trading and investing in stocks involves risk, including the possible loss of capital. Any decisions to buy, sell, or hold securities are the sole responsibility of the reader. Past performance is not indicative of future results. Always do your own research and, if necessary, consult with a licensed financial advisor before making investment decisions.