NYSE:ABBV rsi in the oversold territory, which is starting to reverse to the bull side, flipped bullish on a micro timescale, falling wedge, breaking out to the upside, first target 140.75, then possible retest before 146.26. we've been in this long term downtrend channel since April 2022, I expect to break out of it, once we test 150.36 flip it as support then...
AbbVie Short Term We look to Buy at 138.60 (stop at 133.69) Preferred trade is to buy on dips. There is scope for mild selling at the open but losses should be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to set longs at our bespoke support levels...
I was away from TradingView for a few days, but I'm back now and continue to look at the market and look for ideas! Updating ABBV idea: Well, after the report, we teleported to shoulder level. And now several scenarios are possible: 1) Shoulder bounce 2) Shoulder breakout Which one am I more likely to go with? A shoulder breakout. But is it worth taking...
I think this stock should be added to your Watchlist. Here we can debate what's coming: 1) Inverse Head and Shoulders 2) Bull Flag breakout. If we break down the channel - I would likely try a short. But don't rush to buy the flag - the best thing is to wait for a breakout confirmation! And what do you expect?
Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. Abbvie (ABBV) listed on the US market sets up nicely as a Trend Following stock. If you are in Tradingview...
Previously a rising wedge led to a bullish break out which touched the 1.618 Fibonacci circle level As of current a rising wedge has pushed price way up to 4.618 similarly to the earlier scenario And also similar to the first situation we will see a bearish move following this steep rise The rejection has already begun
We are at all time highs with good volume. Higher prices are likely.
We have a weak market and this one is quite holding up! Would want to see this close above 132-133 for long. Close below support - Puts. Im open to any critique. Please feel free to comment and tell me what you think!
Gaining momentum and impulsing. This is good if you are bullish on this one. COVID paranoia is doing wonders for the pharma sector. It is very rare how a whole sector can benefit so much financially from mass hysteria. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are...
AbbVie is an American publicly traded biopharmaceutical company founded in 2013. It originated as a spin-off of Abbott Laboratories. stop loss is the blue line
AbbVie - Short Term - We look to Buy at 119.00 (stop at 114.50) Previous resistance level of 119.95 broken. A move higher has resulted in prices breaking from the previous range and confirmed our bullish expectation. We have a Gap open at 118.86 from 03/12/2021 to 06/12/2021. Further upside is expected although we prefer to set longs at our bespoke support...
Check out what stocks we are watching for the coming week! As well as a recap of last week's video! NYSE:ABBV We are looking for a breakout of it's current pennant pattern over the $115.60 area. We could see a return back to all time highs here NASDAQ:AMZN We are looking for a breakout of recent highs of $3525 for a re-test of all time highs, and ultimately...
AbbVie has been on my radar now for quite a bit. It’s one of the few Pharm. companies Warren Buffet holds and even know I’m not strong in the realm of Pharm. I have seen their marketing on TV increase quite a bit. Since I am away from my computer at the moment and posting from the TradingView App. I do not know their financials right off hand. I will update this...
Moving averages show us that current trend is bullish. Price is sitting at the support level after publication of the last earnings indicating that business is doing well. So it's a nice pick up I'd like to hold it until we break the previous high at 113.35. Want more investing ideas? PM me.
ABBV is on the KEY SUPPORT. If we break it, we are going lower. ENTRY LEVELS LONG: $101.95 BE AWARE $95.91 $91.82 $82.47 STRONG BUY
Breakout level for wave 5 is $112.70. Wave 4 held the 0.382 level for a shallow retracement.
Abbvie looks prime for run-up with healthcare conferences next week. Not a surprise with other healthcare stocks looking bullish like UNH . A well-defined cup and handle looking for a breakout. Abbvie can re-test all time highs
Beginning to sound like a broken record. I am enjoying seeing how the patterns more or less repeats itself within a major industry sector. Like the currencies against USD are doing a similar thing, so do major pharma stocks. Anyway, Fib goals traced, not financial advice.