ABBV is forming a rounding bottom pattern holding over the moving averages. It also has an upward trending support line of higher lows. I am looking for this to complete its rounding pattern to the 117.5 area.
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...
The PEAD projected a Bullish outlook for $ABBV after a Positive under reaction following its earnings release placing the stock in drift A If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
the wedge ABBV is in would put it at about $120 but there are earnings are in a week so it could go either way be careful if you are trading options if the earnings are good it can get pushed to new highs
Expecting a breakdown below if it gets there
Possible cup and handle formation that has been building since 2019. Currently consolidating and creating a bull flag pattern for a possible leg up to ATH and beyond.
ABBV looks as though its in a correction wave pattern above the moving averages and going to the top of the range. It recently posted a higher low which is a signal that a new short term higher high will be made around 111.
$ABBV with a very very nice BO, backtest and candle that appears to have been bought up! - Trading above all significant MAs - 8 EMA just crossing the 21 EMA - Tons of room in the bands Like this set up alot for a longer term play
Many have been asking about me why I have stopped posting. I have been active in the home buying process and will be moving in to my new home in a month. I am 23 and this is my first home purchase so I am doing a lot of budgeting and excel work to plan for financial success. I apologize for the inactivity but here is a set up I put myself In by accident. I tried...