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ABBVIE INCABBVIE INCABBVIE INC

ABBVIE INC

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ABBV trade ideas

$ABBV has strong potential to run north this week.What I like here, is the bullish price action. You can see the buying pressure ends in the last 2 candles, where it seems to have found support at that 103.74 level. Of course this stock still has a bit of resistance to break through with the 50, 21, & 9 day EMA, I do like the pattern on the daily TF which is forming a double bottom, also another bullish indicator. & Although this will be the 2nd test of that trend line, I like that its at the Bottom of the daily trend line and the postures of oscillators the RSI and seems to have a slight bullish posture which is showing strong upside potential however that stochastic is in a bullish/neutral position. Last time price on this stock fell below the 50 EMA on the daily TF it ran for 8.13%. With likelihood of positive news in the health sector which can serve as a catalyst, its possible to see this one on the moon.
NYSE:ABBVLong
by don_shula
$108 By Wednesday Resistance is being tested as shown by the Kurotoga Cloud. RSI is a low 37.01 indicating that the stock is under bought ahead of earnings. MACD shows weakening bullish divergence on the 45min candlestick chart, but the 3x confirm shows room for growth. This is another publication where technicals are thrown out the window due to earnings, but with ABBV being a big pharma company and a history of beating earnings, I feel comfortable with my call for $104 by the end of February. With an earnings beat, expect to see the stock price hit a minimum of $108 by Wednesday and possibly $112 by the end of the week based off of previous candlestick trends.
NYSE:ABBVLong
by Myantman101
2
A Lot To Analyze There is a lot to this chart and I decided to go super long on ABBV as I saw a buy in opportunity on the 45min chart. However let us look at the daily chart for long term growth. Some indicators are in our favor and some are against. Let us focus on the indicators and not the trend lines. MACD shows what may be our peak bear strength which means the bears will run out of gas and the bulls will start fo have control again bringing the stock price up. RSI is a low 47.71 where ABBV usually runs in the 50s. This means investors can see ABBV as a good buying opportunity as it is underbought. Guth 3x confirm initiated a strong and very accurate sell signal but if you look at the green line you can see the price is near bottom while the red line ( volume ) is still high meaning price should stay steady. Earnings are less than a week away and I believe ABBV will do well being a pharmaceutical company in times like today. I do not believe earnings will have much of an impact on stock price.
NYSE:ABBVLong
by Myantman101
6
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NYSE:ABBVShort
by jonny_red32
1