Main Signals: 1-rising wedge with bottom line's breakout 2-RSI divergence Sell current low breakout 66.34 Stop loss 68.13 (+1 tic wedge high) Target 55.50 (Elliott's waves+stron price levels)
I've been watching the stock since they broke below support last year. It seems to have become a new level of resistance. Green lines represent potential areas of support.
AbbVie Inc. closed last week in a small pattern. Although, general patterns suggest a bearish trend, if the equity closes this week in the green, while breaching 61.52, it would cancel the bearish trend and set a bullish trend with 66 as an objective. Breaching 61.52 will open the way to reaching 62.94, a critical level that may insure the settlement of a new...
ABBV expected to open at 56.73 for a Gap N Go. To learn to trade this strategy for free go to www.RealLifeTrading.com