ABBV is taking a nap
Above 153 we can see a bullish sentiment
Below 146 we can see a bearish trend
As I can see, there are more probability of going up
But, what do you think?
NYSE:ABBV offers a very low risk daily trend signal entry, which can evolve into a weekly mean reversion move towards $153.80 by mid September or sooner.
Stop loss area should be a bit below the daily uptrend mode @ 135.35 (where buyers accumulated shares at between June 30th and July 13th), as this level should hold as support and prevent the stock from going...
Analyzing the options chain and the chart patterns of ABBV AbbVie prior to the earnings report this week,
I would consider purchasing the 150usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $2.46.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to...
I can't find a clear handle but I put a green line where I see the closest support level.
You may see a clear handle which is a level of support. Mid cup can also be a level of support.
Cup patterns use the depth of the cup to calculate targets.
No recommendation
The PEAD projected a bullish outlook for NYSE:ABBV after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
AbbVie Inc. (ABBV) is having the strongest 1D candle since October 13 2022, hitting the 1D MA200 (orange trend-line) for the first time in almost three months. The long-term pattern is a Channel Down and this one is the bullish leg to a new Lower High.
The 1D RSI has breached into overbought (70.00>) territory so any pull-back is a buy, even on the current...
As it shown on the chart NYSE:ABBV it is a good zone to open a new position because it is trading near by a daily support
My Stop Loss 4 Hours close lower than the support zone 133$
What do you think about ABBV ?
This stock have a hard time.
Fundamental headwinds set -20% on the chart.
But now a consolidation seems to kick in.
If you like this long term, this could be a decent entry.
ABBV looks poised to break out after finding Weekly/Monthly support. Targeting the 50 Moving Average on the Hourly Chart sitting at 140$ for a short term trade. Watching positive crossing of the CCI zero line for additional confirmation as it has been diverging for a while now.
This idea is based on Wyckoff's method for determining price objectives using the Point & Figure count of distribution ranges. We can a distribution ranges following schematic 2 for Wyckoff's distribution.
If we take count the ranges separately, this yields a potential reversal zone between 118.50 and 94.50 dollar per share.
Personally I am intend to buy if...
ABBV stock's price is approaching toward a support zone between 127.9 and 129.3 where a possible rebound toward 158.6 is expected.
Support zone= 127.9/129.3
Target=158.6
The PEAD projected a bullish outlook for NYSE:ABBV after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
Breaking down out of the triangle at the 1.618 extension. Needs a hard reversal around this level or else price probably makes its way back down to $120s.
we most likely dip to trend support/153 area or lower if we reject here.. longs could work over 168.50.. but i doubt that comes anytime soon..
boost and follow for more 💛
Analyzing the options chain of ABBV AbbVie prior to the earnings report this week,
I would consider purchasing the 175usd strike price Calls with
an expiration date of 2024-1-19
for a premium of approximately $6.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on...
![ABBV: ABBV: Approaching toward support zone [127.9/129.3]](https://s3.tradingview.com/g/gbd81fhO_mid.png "ABBV: Approaching toward support zone [127.9/129.3]")
