infbp22
Long

ABBV: Swing trade opportunity

NYSE:ABBV   ABBVIE INC
ABBV took a sharp dip with the recent news, but at the end of the day, they will just grow bigger. From a technicial analysis stand point, ABBV remains ina decending wedge , even with the sharp decline in price. Lower risk entry would be confirmed brakeout above the wedge . I may be interested in a swing trade between the .786 and .382 fibs. This could potentially yield a 35-45% profit.
Nice chart thought it looked good too
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