ABBVD trade ideas
ABBV - Ascending Triangle - Continuation / $120 Price Target0. www.dailyfx.com
1. ABBV showing an Ascending Triangle Pattern here, as it consolidates below $100 and breaks out of chart formation;
2. ABBV most likely going to resolve 80%+ to the upside, and breakout to $120 all day long;
3. Anything below $100 at this point looks good for a longer term buy, and a swing trade;
ABBV enters a monthly bullish trend. Expect Uptrend continuationA buy signal is generated. ABBV is predicted to grow by 4% to $99.9 or more within the next month. Keeping in mind similar previously-analyzed scenarios where the stock trended up during the month, the odds of an Uptrend continuation are 89%.