abbott was one of the first few stocks to scale new highs after pandemic crash however it couldn't gain further, mostly because abbott has gone up more than 200% is the past 2 years, it's extended. notice how the stock is slowing trickling downwards with the volume mostly staying below the 50 day average vol line, constructive set up. now that the stock has reclaimed 50dma and it the price holds, i will go long between 15600-16000 levels
Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini