Preface
Abbott Laboratories is one of the largest MedTech companies in the world. It is the 66th largest stock in the world.

This is what I would consider a well-known “defensive” stock.
It’s a healthcare name that is supposed to be a “safer” and less volatile long-term hold than a tech stock for example.
This doesn’t mean it can’t provide above average returns…

The story told by the patterns I am about to display are truly unique.
The main thing I want you to consider by the end of this newsletter is how much abnormally large accumulations have taken place and how long the stock has compressed and gone nowhere…

Volume + Price Compression = Massive Moves

ABT

After month’s of small accumulations, a massive surge of volume has come in and potentially established a shift in trend over the $109.45 dark pool, opening range towards $116.70 in the coming weeks.

Price has been compressing on decreasing volume since the breakout, forming a sort of bull-flag formation, favoring upside continuation.

During the 2020 “crash” $ABT saw an accumulation candle on it’s highest volume in seven years. Very abnormal.

Since then, price has gone sideways on decreased volume for about four years now. Compression.

Smaller, but still extremely stand-out and textbook accumulation patterns are visible during this four-year compression phase.

Last month’s candle is specifically notable for a few reasons:
#1- It’s at the stock’s largest dark pool on record @ $107.29
#2- It’s the largest volume accumulation in three years. Last time volume was this high was the far left candle, which was also directly off the largest dark pool on record…
#3- It’s coming in as a higher low after making a higher high in the $120’s on the most recent rally earlier this year.

These three key points make me think our four-year compression period is coming to an end…
And remember, this four-year compression period is coming after the stock’s highest volume in seven years during the 2022 crash.
The move here should be much larger than just the weekly range displayed above.

Zooming out, the last few years look like a very healthy resting phase before the long-term bullish trend here continues.
The monthly patterns obviously heavily support this idea.

I have a Dark Pool Fibonacci projection at $177

Notable Options Flow

This trader is clearly targeting the weekly range towards $116.70

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