Upside to 50-52. Risk down to 46+
The is made by connecting the two highest lows in the rally, which I have marked with purple circles on the top. The lower channel I made by pulling down the down to the "lowest high" back in August. You can see that yesterday's high sits right at that and therefore seems to be a logical place where buyers are laying in wait hoping to acquire ABBV on oversold readings.
is turning up from oversold and the previous 3 readings are highlighted.
ABBV is a spin-out of Abbott Laboratories - ABT
Tim 8:18AM EST Thursday 1/30/2014