timwest
Long

Abbvie Inc ABBV oversold at rising support channel

BATS:ABBV   ABBVIE INC
224 9 6
ABBV             47.61 close yesterday.

Upside to 50-52. Risk down to 46+

The parallel channel 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 parallel channel down to the "lowest high" back in August. You can see that yesterday's high sits right at that trendline and therefore seems to be a logical place where buyers are laying in wait hoping to acquire ABBV             on oversold readings.

CCI is turning up from oversold and the previous 3 readings are highlighted.

ABBV             is a spin-out of Abbott Laboratories - ABT            

Cheers.

Tim 8:18AM EST Thursday 1/30/2014

Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Another bullseye
Reply
I am going to stand aside here, even though the overall market is close to support on the DIA @ 151 (max support level), 154.05 last DIA.
Reply
It hit the resistance target right away today (and the P&L target).

I'm curious to see how it does also and glad that the earnings release didn't hurt the stock.
Reply
I got in at 48.65 yesterday. Looking forward to seeing where this one goes. :)
Reply
50.55 so far. Not bad!!
Reply
timwest justatrader
:-)
Reply
Earnings Jan 31 BMO
GL
Reply
Was long at 47.57 two days ago.. I'm aiming for 53 though.
Reply
timwest justatrader
It has held up well in the past two days relative to the overall market. So that is also a bonus. Thanks for the feedback.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out