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AbbVie Inc - Long Call Vertical SpreadQuick trade for monday on $ABBV Breakout formation 1) Swing Pivot Last swing pivot breaked at 109$ 2) RSI in the middle zone Many space up and down too. 3) Squeeze indicator On my squeeze indicator "prepare for storm" sign. This in dicator I'm using for predicting any significant move in near future. See examples in the past. CONCLUSION LONG CALL VERTICAL AbbView Inc Max profit: 120$ Probability of Profit: 64% Profit Target relative to my Buying Power: 31% Buy Power: $380 ( max loss without management) Max loss with my risk management: ~ $140 Tasty IVR: 6.9 Expiry: 66days Buy 1 ABBV May21' 100 Call Sell 1 ABBV May21' 105 Call Debit call spread for 3.8 debit Stop/my risk management: Closing immediately if daily candle is closing below $103.8 Take profit strategy: I'm taking at the 55% of max.profit in this case with auto sell order. (at 3.85 credit) If you liked this article, check my other ideas. Anyway: HIT THE LIKE BUTTON BELOW, and follow my fresh ideas ( @mrAnonymCrypto on tradingview ).
NYSE:ABBVLong
by TanukiTrade