ABBV34 trade ideas
BUY to ABBVIE at market enteringHey traders, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. ABBVIE is in an uptrend, it is possible that it will go up at the opening and go down again!
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abbvREAL QUICK I see people saying this one is going up BUT this is rite before the weekend, what I see is _ Chances are it will go up and maybe LIKELY back down after hours, just my thoughts, hope it saves someone
Abbv is in an ascending triangleTriangles are only in wave B or wave 4. This seems to be a B wave triangle that is completing a impulsive 5 wave structure to complete corrective wave C.
ABBV to 76 based on the chart presented above:
ABBV closed on a nice spinning top candle stick, with divergence between oscillators and stock's lower lows.
If stock takes purple trend line (resistance) ill buy an small ITM position
ABBV to Long, from 67 to 81ABBV to Long, from 67 to 81
Existing Condition:
1. 08/16/2019 Weekly demand zone confirmed
2. in 60 min, down trendline break by breakaway Gap (G1)
3. Re-test the Gap, Gap filled.
Entry below 67
Stop: 62.5
Target1: 81; Risk:reward=1:3
Target2: 88; Risk:reward=1:4
If G2 (runway Gap up) breaks the 2nd down trend line. That is a measuring (40-50%) of the trend.
That is another entry point.
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
In my real trade, I use options. I bought Jun 80 Call, limit 1.46.
If stop: lose about 1.00.
Sum of my ideas:
5 active, 4 winner, 1 loser, 0 pending for condition;
4 analysis only, 8 cancelled;
ABBV droppingWatcing ABBV for a drop below 81 for lower, this looks like its setting up for a squeeze down hard. watching below 81 and option spreads, they look wide pre-market but may tighten up at open
