ABBV is one of Warren Buffet’s holding in BRK.B. It has been respecting the weekly wma50 for a long time while holding an uptrend.
I think the sentiment has been too bearish & a shortterm rebound in the general market is due in the next few days.
Not trading advice.3
Dammmmm what a day!!! I honestly don't see anything stopping @ABBV to hit the $147.~ area!. That some good and nice volume today. Nice candle in general. HOWEVER, I would like if @abbv re-test the trend line or the $140.~area. that would be nice and stronger (PO).
take a look at the related link!
I LOVE today's candle.
1. Inside candle
2. indecision candle
3. with a nice volume
4. creating higher highs
5. forming a triangle
6. re-testing the trend line
7. re-testing the neck line if the w
8D. Its like compression at 10000%. Just waiting to see what @ABBV is gonna do!!!
Seasonalities are regular and predictable patterns that recur every calendar year. Every industry exhibits unique seasonal trends that are based on fundamental drivers. The best-known seasonal drivers include harvest periods, the timing of interest payments, weather, and investor sentiment. At certain times of the year, tax and balance sheet deadlines, annual or...
I would love it @ABBV goes down to $140.~ to re-test that neck line. It might not happen good volume coming in but to me it would be stronger if it re-test that level.
Hello dear Traders,
Here is my idea for #ABBV
Daily close above the yellow trigger line (previous month high) to enter trade.
We try to anticipate a 2-2 bullish reversal in the weekly chart - price found support at monthly pivot S2 Line
Targets marked in the chart (black lines)
Invalidation level marked with red line
Please feel free to ask any question in...
Will the pattern hold?
Also, Botox rival, Revance Therapeutics, got approved. Longer lasting than Botox. Remains to be seen if it can eat into ABBV's market share.
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...
Bounce back to supply Zone, Zone Confirmation
Trendline break
Earning: 7/29/2022 Est. 3.43
Short 152
Stop 160
Target 137, 122
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
NYSE:ABBV
ABBV could breakout from a bull flag pattern on the daily chart
It is sitting on the support of a triple bottom, and an 8% upside
to the POC of the volume profile. as well as a 14% upside to
the high 3-4 months ago.
What would be a good option 5-6 months out to capture
the anticipated uptrend over that time?
The PEAD projected a Bullish outlook for $ABBV after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 50%.
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?
