As we can see from the chart, the price now is testing the bearish trendline
which had stood for months. Besides, ABBV
crossed the 70, the old resistance which can only be seen if switching to Weekly chart. Next, the price now is being supported by a bullish trendline
There are 2 strategies:
1. Wait for the price to test the up-ward trendline
again, and start a long position.
2. Wait for the price to break the bearish trendline
, and go long
The target price for both is 76 - to close the gap and meet a strong resistance these months in 2019.