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
4AB trade ideas
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
👀🚨SUNDAY OPTIONS WATCHLIST 1/10/21🚨👀ABBV - This on still on high watch as it consolidates in it range (101-109) and is slowly uptrending towards it ATH. Current resistance near 107 with closest support of current uptrend on the daily chart. Looking to scale into a 110 C swing on this as price nears uptrend or breaks 107 resistance with momentum that will cover earnings (2/5).
Buy above 101Using the .618 from the all-time high to the recent lows, holding above 101 is a strong bull indicator for ABBV. Stop loss: below 100 the trade is wrong.
ABBV RetestABBV has retest previous support levels and remounted since. This looks bullish back to the previous high around 109-110 range. A break below the moving average will show lack of strength and i'll exit the trade.
ABBV BullishABBV is showing bullish momentum, with the green line at 100 showing a strong support. This could be a good opportunity for a put credit spread, profiting if ABBV stays above 100.
ABBV | SHORT OpportunityNYSE:ABBV
Possible Scenario: SHORT
Evidence = Overbought RSI, Options bearish activity, Bearish divergence
This is my idea and could be wrong 100%
* It has an announcement this week , maybe it continues the trend for two more days.
Updated $ABBV Bearish Swing Trade PlanGreen Line - Entry Target
Red Line - Exit Target
Pink Line - Stop-Loss
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$ABBV Bearish Swing Trade PlanGreen Line - Entry Target
Red Line - Exit Target
Pink Line - Stop-Loss
Highly suggest using Google to Search "Transparent Traders" if you're trying to get to the next level.
Transparent Traders exists to solve the critical issues facing our traders, both large and small. Our unique approach is not only what differentiates us, but also what makes us successful.
Our advanced Blackbox uses custom algorithms & predictive A.I. to locate the most accurate day or swing trades for the best chance of success.
$ABBV Can Buffett get ABBvie to rally. ?
Potential breakout in play for ABBV as investors may
chase The Oracle Warren Buffett into the stock.
Stock was already on the verge of making a move
so this may be the catalyst needed.
ABBV - Daily inside candle. Look for a break above or below today's high or low to then go on to my upper or lower targets.
