AbbVie - 30d expiry - We look to Sell a break of 132.58 (stop at 137.03) 133 continues to hold back the bears. 132.75 has been pivotal. Posted a Double Bottom formation. A break of the recent low at 132.74 should result in a further move lower. Our profit targets will be 121.01 and 117.01 Resistance: 154 / 157 / 160 Support: 147 / 142 / 137 Disclaimer –...
Previously a rising wedge led to a bullish break out which touched the 1.618 Fibonacci circle level As of current a rising wedge has pushed price way up to 4.618 similarly to the earlier scenario And also similar to the first situation we will see a bearish move following this steep rise The rejection has already begun
NYSE:ABBV Watching that short on NYSE:ABBV Healthcare industry currently on a retracement. #stocks #shares Cheers, G. TS: smartalphatrade
ABBV has formed a parabolic uptrend, with the presence of a falling wedge, which has led to a major bullish breakout, however still within the parabolic trend range. MACD also indicates a reversal taking place.