this is what i'd like to see based on clear sellside luquidity
Hey traders, My weekly trade idea. The daily price is forming a textbook Cup&Handle formation. After the consolidation in the handle phase, the price is ready to go higher. The momentum will push the price and in my opinion, it is headed to test the all-time high in the 180$ area. The Relative Strength Index broke above its trend line and is moving upward to...
A textbook example of cup&handle pattern forming on ABBV, I think its interesting to dig deeper into the company, as its a defensive stock for just the conditions at the current moment.
AbbVie - 30d expiry - We look to Sell a break of 132.58 (stop at 137.03) 133 continues to hold back the bears. 132.75 has been pivotal. Posted a Double Bottom formation. A break of the recent low at 132.74 should result in a further move lower. Our profit targets will be 121.01 and 117.01 Resistance: 154 / 157 / 160 Support: 147 / 142 / 137 Disclaimer –...
Skew Inverse Head And Shoulders with a target of $174.65. We do see bullish signals momentum wise where 7>21 >200. Bullish Let's just hope a bull market does kick in here as we enter the Christmas season with a Santa Rally.
From B to C is not quite 61.8% retrace from flagpole high, but close enough.. B to C forms a nice bull flag, a continuation of primary trend. The breakout should occur at the mid line of the longer term upward channel. A 1.27 extension should give a target of 187 around Feb. 13 2023. Healthcare (in addition to energy) is one of few sectors currently showing...
Goldman Sachs Group AbbVie Inc --- 1- No stop loss. 2- 5x leverage NoT More! Becareful! Not more than leverage 5. - for buying shares: warning: Only leverage 5, Do Not Take More Than leverage 5. - for options is Excellent: Two call option 3 months contract of for every One 3 months contract of . ---- Happy Trading!
Betting on a further crash in AbbVie stock price. That huge candle preempts formal volatility switch. Fractally, hard to tell from this picture, possibly a start of a C in a WXY pattern. 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 highlighted in purple with...
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
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?
Good volume push from lows and then sideways action on low volume, looks really good for a breakout above 154 JUL 22 155C can work
pharma is strong. MRK PFE ABBV. taking JUl 22 155C on ABBV
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...