ABBVRising wedge into all-time highs. eh idk, maybe something like this depending on where it breaks out. Bear div on weekly price action and MACD.
ABBVD trade ideas
AbbVie Bearish Butterfly AbbVie has been on my radar now for quite a bit. It’s one of the few Pharm. companies Warren Buffet holds and even know I’m not strong in the realm of Pharm. I have seen their marketing on TV increase quite a bit. Since I am away from my computer at the moment and posting from the TradingView App. I do not know their financials right off hand. I will update this idea with that information later. However, here we have a bearish butterfly. The pattern panned out super nicely. Once the pattern completed it made a little bit of a consolidation and dropped yesterday heavily. I will be looking at buying some AbbVie once it hits the 618 of the pattern structure… if the movement looks weak (not likely based off the strong sell off with high volume) I think the 618 is likely. All the other numbers that made up the PRZ were over projections of the traditional ABCD pattern (2.0) and a 1.618 over extension. So the massive sell off with high volume is not surprising… be looking out later today for the financial report this does not mean I am saying AbbVie is going to the ground but it is a nice little correction that we long term investors can take advantage.
$ABBV with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ABBV after a Positive under reaction following its earnings release placing the stock in drift A
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Wednesday Trade Many have been asking about me why I have stopped posting. I have been active in the home buying process and will be moving in to my new home in a month. I am 23 and this is my first home purchase so I am doing a lot of budgeting and excel work to plan for financial success. I apologize for the inactivity but here is a set up I put myself In by accident.
I tried day trading ABBV on Tuesday, but the price kept going up and I saw this trend on the one hour chart and decided to hold my position as it does not expire until Friday.
MACD is showing a decline in bullish divergence, while D+ is showing increase in bearish divergence.
RSI is high indicating the stock is over bought and 3x confirm is firing off sell signals like crazy
My strike price is $105 a share and I see it nearing that today.
Abbvie IncMoving averages show us that current trend is bullish. Price is sitting at the support level after publication of the last earnings indicating that business is doing well. So it's a nice pick up I'd like to hold it until we break the previous high at 113.35. Want more investing ideas? PM me.
$ABBV long$ABBV was trading lower on friday after the the FDA pushed back the review period for the company's supplemental marketing application for upadacitinib in active psoriatic arthritis. Despite the big drop, it fell right to key support (right at the bottom of a range) making a good entry here in terms of RR, having a tight stop and aiming for the top of range (gap fill). For options, look for leaps.
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.
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Time Triggered Alert There might be a better way to do this but...
I wanted to be reminded to check a stock on a certain day, and couldn't figure out how!
Let me explain.
While doing research on VALUE stocks... Fundamentally Underpriced equities. i.e. Not TSLA! :D
ABBV caught my attention...
A quick review, showed that it has earnings coming up on Monday the 29th of March.
Further analysis revealed that more often than not, the stock dropped into the release then rose after.
As such, I want to be reminded to check ABBV on the 22nd of March.
(The Thursday before the Monday earnings announcement!)
The available alerts are all price movement alerts, and not a simple:
CHECK ABBV @ 9am 210322
Trend Line Alerts however are a thing!
Made a vertical line on date to be reminded
Right Click on Line - Set Trend Line Alert
Alert when Crossing Trendline (Reminder message optional)
Disclaimer: I am not even sure this will do what I hope... Guess I will find out on the 22nd!
If there is an easier way to do Time Based Alerts ;) Please let me know in the comments!
