Abbvie, maybe this time...
NYSE:ABBV has been very hard to trade...but with earnings behind us and good beat and guidance, I think this will run..
creating an ascending triangle here with higher highs into equal lows and a close above 197 next week could send this way past 200 IMO
healthcare sector is beaten down as it is, so any rotation into the sector will also help the stock
ABBV trade ideas
Abbvie please go man lolNYSE:ABBV has tested my patience
has been in a downtrend for a while now and has finally broken out, is now above all MAs on the daily and above 50 SMA on the weekly
193 is a high volume node to cross and after that there is not much volume
targetting 200
ER coming up and expecting a very good quarter and guidance
ABBV - Are you Ready?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈ABBV has been in a correction phase and it is currently approaching the lower bound of the red and blue channels.
Moreover, the green zone is a strong round number $150 and structure!
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower trendlines acting as non-horizontal support.
📚 As per my trading style:
As #ABBV approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
New Setup: ABBVABBV : I have a swing trade setup signal. I'm looking to enter long if the stock can manage to CLOSE above the last candle high(BUY). If triggered, I will then place a stop-loss below (SL) and a price target above it(TP) **Note: This setups will remain valid until the stock CLOSES BELOW my stop-loss level(SL).
$ABBV Breakout About AbbVie, Inc.
AbbVie, Inc. is a leading biopharmaceutical company developing and selling treatments for various serious health conditions. Here's a brief overview:
* Founded on October 19, 2011
* Headquartered in North Chicago, IL
* Focus areas include:
+ Chronic autoimmune diseases (rheumatology, gastroenterology, dermatology)
+ Oncology (blood cancers, virology)
+ Neurological disorders (Parkinson's, metabolic disorders)
+ Other serious health conditions (HCV, HIV, endometriosis, cystic fibrosis)
AbbVie is committed to improving patient outcomes through innovative research and development.
ABBV AbbVie Options Ahead of EarningsIf you haven`t bought ABBV before the previous earnings:
Now analyzing the options chain and the chart patterns of ABBV AbbVie prior to the earnings report this week,
I would consider purchasing the 175usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $6.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Major Price Movement Incoming for ABBV!Signalist has detected a precise pattern in NYSE:ABBV FUBO trading activity, signaling that a substantial price movement is imminent. This isn’t a random fluctuation—it’s a carefully analyzed precursor to a significant market event.
📅 What to Expect:
⌛ Timeline: Anticipate a major move within the next 1 to 4 upcoming 3-hour candles.
📈 Monitor the Charts: Keep an eye on ABBV’s price action over the next few candles.
Prepare Your Strategy: Whether you’re bullish or bearish, have your trading plan ready to capitalize on the move.
Abbvie...ready to move up now
NYSE:ABBV is ready to move now.
After the stock started ignoring bad news, and made a higher low, it is showing constructive signs.
It has now closed above the Daily 50 SMA now and broken out of the weekly consilidation.
Currently a double inside-month contender.
Gap above at ~181 and ATHs above that, so can move quickly if healthcare stocks start moving
Leaning Bullish on ABBV after Strong Reaction to EarningsABBV had a solid reaction to earnings. The tight consolidation over the last few days supports a bullish momentum holding up. Volume declining over the last few days (when price has been declining) typically means a healthy consolidation before a continued rise.
While the price may/may not continue down a bit more, if it starts to climb back up, the 201 area would be a place I'd consider an entry (either call option or stock). I'd place a stop around 194, and a first profit target when the price extends again from its 10EMA.
That area of 201 for entry will be where the price rises above the moving averages on the 15m and 1h chart time frames, and the 10EMA crossing back above the 20EMA on the 15m timeframe.
1h
ABBVIE broke below the 1D MA50. Confirmed sell opportunity.AbbVie Inc. (ABBV) has been trading within a Channel Up pattern since the November 09 2023 Low. Having made a Higher High on September 04 and been rejected at the top of the Channel Up, the price broke and closed aggressively below its 1D MA50 (blue trend-line) three days ago. That is a confirmed technical sell signal.
The 1D RSI has been on Lower Highs before the actual High, very similar to the previous top on March 12 2024. That sequence, after breaking below its 1D MA50, extended aggressively towards the 1D MA200 (orange trend-line) and bottomed on the 0.618 Fibonacci retracement level.
As a result, we can take a low risk sell now and target a potential contact with the 1D MA200 at $180.00. As far as buying the dip for the long-term is concerned, the most consistent buy signal has been the 1D RSI Bullish Divergence when it forms the first Higher Lows sequence after breaking below the 30.00 oversold barrier. So far that has worked 3 times almost perfectly, with the only exception the May 29 2024 bottom, which still was formed not that far away from the April 26 buy signal.
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ABBV ZonesAll rectangles are potential zones of influence for support/resistance pressure. Same applies to the 2 curves.
1st, I don't know if the red will prove to offer more resistance to the price as initially suspected, or failing and triggering a penetration.
2nd, even if it does prove to be a resistance force zone, don't know if the price will manage to squeeze between it and the purple
I am a little bearish biased for now as the project also suggests with the descending rectangles, but will be following the price action especially near any of the elements in the design, to watch out for any rebounds from these shapes.
If the situation changes I might add other rectangles especially on the upside which is not covered, in case the earnings push this in bullish territory, but we might not need them.
AbbVie set ground for monthly uptrend continuation1. Uptrend on the monthly chart. Monthly higher low is set
2. Uptrend on the daily chart. Daily higher low is almost set
Bulls must still confirm higher low on the daily and then set new higher high, clearing 173.5.
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.