ABBVIE INC -ABBV OVERSOLD RALLY REACHED UPSIDE TARGETReview of January 30 buy signal setup in oversold Abbvie Inc (ABBV) shares for low risk, solid return. Tim 1:24PM EST Tuesday, Feb 18, 2014by timwest112
Abbvie Inc ABBV oversold at rising support channelABBV 47.61 close yesterday. Upside to 50-52. Risk down to 46+ The parallel channel is made by connecting the two highest lows in the rally, which I have marked with purple circles on the top. The lower channel I made by pulling down the parallel channel down to the "lowest high" back in August. You can see that yesterday's high sits right at that trendline and therefore seems to be a logical place where buyers are laying in wait hoping to acquire ABBV on oversold readings. CCI is turning up from oversold and the previous 3 readings are highlighted. ABBV is a spin-out of Abbott Laboratories - ABT Cheers. Tim 8:18AM EST Thursday 1/30/2014 Longby timwest996
ABBV SHORT15 minute chart shows a good downtrend + pullback = good opportunity to re-enter on the short. A 3:1 reward to risk so not much to lose on this trade with its high reward. If you want to be conservative, put a stop-limit at the 1:1 reward to risk to lock in profits.Shortby pardeepk0
ABBV $47.5 Jun 13 PUTI am short here with a $47.5 Jun Put. It retested $45.40 2x and entered on the third retest. That first 15 min candle of the day was based on the news and I am sure that filled everyone's S/L prices. Maybe? It was a big one, well over a $1.00 in the first 15 min. I will play it out by moving my S/L price when it moves down. I am risking about .65 of EV off of the option @ a delta of .76.Shortby markkram0
Abbvielong setup. Ascending triangle resistance breakout. trigger = breakout/close >$46.50Longby flavisam0
Long ABBVMoving averages indicate still bullish. FIb retracement + pullback at around 0.50 level with a good candle formation. Should go up!Longby pardeepk0