1ABBV trade ideas
Abbv is in an ascending triangleTriangles are only in wave B or wave 4. This seems to be a B wave triangle that is completing a impulsive 5 wave structure to complete corrective wave C.
ABBV to 76 based on the chart presented above:
ABBV closed on a nice spinning top candle stick, with divergence between oscillators and stock's lower lows.
If stock takes purple trend line (resistance) ill buy an small ITM position
ABBV to Long, from 67 to 81ABBV to Long, from 67 to 81
Existing Condition:
1. 08/16/2019 Weekly demand zone confirmed
2. in 60 min, down trendline break by breakaway Gap (G1)
3. Re-test the Gap, Gap filled.
Entry below 67
Stop: 62.5
Target1: 81; Risk:reward=1:3
Target2: 88; Risk:reward=1:4
If G2 (runway Gap up) breaks the 2nd down trend line. That is a measuring (40-50%) of the trend.
That is another entry point.
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
In my real trade, I use options. I bought Jun 80 Call, limit 1.46.
If stop: lose about 1.00.
Sum of my ideas:
5 active, 4 winner, 1 loser, 0 pending for condition;
4 analysis only, 8 cancelled;
ABBV droppingWatcing ABBV for a drop below 81 for lower, this looks like its setting up for a squeeze down hard. watching below 81 and option spreads, they look wide pre-market but may tighten up at open
Abbvie looks like a buyA high yielding stock may have appeal to traders and investors as a measure of safety and precaution and being in the medical sector helps, too.
Technical indicators be damned, ABBV is going upAbbVie manufactures the anti-viral medication ritonavir , which is used to combat various viral infections, such as HIV and Hepatitis C. Ritonavir is also being used to treat the novel coronavirus.
www.natap.org
As the SARS II outbreak certainly worsens, ABBV might be one of the few stocks that survives the coming financial storm. A short term pullback is possible from the technical indicators but I don't think it will last long as virus cases increase exponentially.
BUSTWe had a zone here in Abbvie. got the trigger, got long and got taken out as soon as we broke the lows. Another example of a bust. We don't hide anything here. Loosers winners..were an open book.
ABBV flag, previous support or resistance bounceLooked at ABBV and saw a flag pattern. Could break out to previous resistance or break down to previous support.
ABBV Rubberband SnapbackABBV is now on its 8 consecutive green day. It has become overextended and overbought. Volume has decreased each consecutive day. Previously in chart, there is further resistance at $101. I plan on scaling into this until it cracks or will scrap trade if it continues to go over $101. This can snapback down to the 92 -90 level for 2:1 r/r.
ABBVAlright abbv has hit its first target..Now this DOENST mean this tops out the move..It can but its doesnt happen all the time so i dont use it that way..i use these targets to help me manage the trades. So were at the first target i put up a week ago or whatever its been now..so at target number one im taking between 25% and 50% of the position off and trail a stop up with the rest (for buying the outright stock)..for options there are many fancy things you can do..but the end goal is take something off the table and start managing and protecting the profits. target number 2 is the darker green line. At the second target if we get it ill take off another 30% of the position. So at the second target i should be out of 75% of the position with a little left to see how high is high for this trade. Always manage your trades
ABBVAlright abbv is coming up into targets a little higher. This is when we wanna start managing the trade. I like to take some profits off at the first target and then manage however you manage a winning position. Trade management is more important then anything else in trading. Defining your risk on the initial buy and the managing the trade. Everyone has levels to play. Good traders can manage the trade and the risk that comes with it.
Latest stock setup Abbvie like many other trades has followed through very nicely. Its up about 7% since the trigger. This made a killing on the option plays we did
Trigger Remember we had a setup in abbvie a couple days ago and i said wait for the trigger..this is an example of what that looks like. Once we fired off you could take the trade.
AbbVie INC. (ABBV) downtrend price analysisNYSE:ABBV
Watching that short on NYSE:ABBV
Healthcare industry currently on a retracement.
#stocks #shares
Cheers,
G.
TS: smartalphatrade
Stock setupset up in abbvie..havent thrown up a stock setup in awhile so heres one. NO trigger NO trade.
