AbbVie Inc.
Long
Updated

ABBV - I guess Not late for the Party !!

944
ABBV - 135 level would’ve been ideal entry for long but it’s not too late to join the party.
It's just cleared 155 level.
Next, gap fill above upto 165.
After that, Target 1 : 175
Note
Gap Filled, moving on to next target 175
Note
Bounced on the Gap's top range as support and moving up
snapshot
Trade active
Today's pullback is 61.8 Fib Extension, usually profit taking zone. And it just hit a resistance level 168

A close look on Daily chart -
snapshot
Trade closed: target reached
Target reached, closed few and leaving few runners until it runs.
Trade active
Added 1/2 position here at the volume shelf

snapshot
Trade active
Waiting to add more if it gives me a pullback.
snapshot
Trade active
I keep adding commons on every dips, I'm laddering my position here.
closer look here.

snapshot
Trade active
What a move !!

The rotation from Semis to everything else fueled this rally today.

snapshot
Trade active
We reached our next target. This one held strong despite the market sell off.
Earnings tmrw evening. Let's what would be the outcome. Make or break time.

snapshot
Trade closed: target reached
ABBV Smashed all of the targets, I think the Tech/Semi rotation helped this to move up quick.

My guess is we'll see a pullback here to find a support. around 170's it can, we may see a ABC correction wave.

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.