ABBV - BUY AND MAKE PROFITABBV - A stock worth buying the next time I bought it.
Everything is in favor of this stock, from the charts, the business plan, the accounting sheet and the hedge funds that bought it.
Good luck with ABBV.
ABBV trade ideas
**TA Practice**Keeping an eye on ABBV. Riding a massive rising wedge into all-time highs. From what I understand, rising wedges are a bearish formation. I am being even more cautious with the possibility of a potential rising wedge into a double top at all-time high psychological resistance.
ABBV Rebound WaveABBV has recently had a higher low and now remounted over the moving averages showing bullishness again. I suspect this will make a slightly higher high to the 112 area.
$ABBV HAS BEEN CONSOLIDATING AND SHOULD POP SOONI've been focusing on abbv for awhile now, but abbv has been consolidating and should b popping this week of February 22, 2021
Wedge breakout soon?Looking for a drop the the lower blue horizontal line 102 - 103 and possibly and quick power break through.
ABBV Swing IdeaARK fund just bought this today. Potential breakout over short term descending resistance for its next leg up.
$ABBV has strong potential to run north this week.What I like here, is the bullish price action. You can see the buying pressure ends in the last 2 candles, where it seems to have found support at that 103.74 level. Of course this stock still has a bit of resistance to break through with the 50, 21, & 9 day EMA, I do like the pattern on the daily TF which is forming a double bottom, also another bullish indicator. & Although this will be the 2nd test of that trend line, I like that its at the Bottom of the daily trend line and the postures of oscillators the RSI and seems to have a slight bullish posture which is showing strong upside potential however that stochastic is in a bullish/neutral position. Last time price on this stock fell below the 50 EMA on the daily TF it ran for 8.13%. With likelihood of positive news in the health sector which can serve as a catalyst, its possible to see this one on the moon.
$ABBV with a bullish outlook following its earnings #BeststocksThe PEAD projected a slight bullish outlook for $ABBV after a positive under reaction following its earnings release placing the stock in drift A
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$108 By Wednesday Resistance is being tested as shown by the Kurotoga Cloud. RSI is a low 37.01 indicating that the stock is under bought ahead of earnings.
MACD shows weakening bullish divergence on the 45min candlestick chart, but the 3x confirm shows room for growth.
This is another publication where technicals are thrown out the window due to earnings, but with ABBV being a big pharma company and a history of beating earnings, I feel comfortable with my call for $104 by the end of February.
With an earnings beat, expect to see the stock price hit a minimum of $108 by Wednesday and possibly $112 by the end of the week based off of previous candlestick trends.
ABBV ENTRY LEVELS LONGABBV is on the KEY SUPPORT. If we break it, we are going lower.
ENTRY LEVELS LONG:
$101.95 BE AWARE
$95.91
$91.82
$82.47 STRONG BUY
A Lot To Analyze There is a lot to this chart and I decided to go super long on ABBV as I saw a buy in opportunity on the 45min chart. However let us look at the daily chart for long term growth.
Some indicators are in our favor and some are against. Let us focus on the indicators and not the trend lines.
MACD shows what may be our peak bear strength which means the bears will run out of gas and the bulls will start fo have control again bringing the stock price up.
RSI is a low 47.71 where ABBV usually runs in the 50s. This means investors can see ABBV as a good buying opportunity as it is underbought.
Guth 3x confirm initiated a strong and very accurate sell signal but if you look at the green line you can see the price is near bottom while the red line ( volume ) is still high meaning price should stay steady.
Earnings are less than a week away and I believe ABBV will do well being a pharmaceutical company in times like today. I do not believe earnings will have much of an impact on stock price.
ABBV Wave 5 Continuation Breakout level for wave 5 is $112.70. Wave 4 held the 0.382 level for a shallow retracement.
Long | ABBVNYSE:ABBV
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%.
ABBV Healthcare Run-upAbbvie looks prime for run-up with healthcare conferences next week. Not a surprise with other healthcare stocks looking bullish like UNH . A well-defined cup and handle looking for a breakout. Abbvie can re-test all time highs
