Allergan Inc.: Willing to hold its slide or trying to invert?

Allergan Inc. finished last week on an indecisive note after a long downfall. Its previous rebound attempt was turned down by the systematic risk triggered by the macroeconomic news.

The equity is currently trading near to its July's bearish trend , in blue. Unless the equity breaches 303.73, the bearish market is set to continue, with 280.56 as a primary objective.

Breaching 303.73 will lead it back to 310.09, forming a more bullish pattern .

Allergan Inc.'s weekly Pivot Point is around 296.26. Its weekly support levels are around 288.76 and 282.35. Its weekly resistance levels are around 302.70 and 310.17.
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