ABBV34 trade ideas
ABBV power move from earnings?? the wedge ABBV is in would put it at about $120 but there are earnings are in a week so it could go either way
be careful if you are trading options
if the earnings are good it can get pushed to new highs
Multi-year cup and handle?Possible cup and handle formation that has been building since 2019. Currently consolidating and creating a bull flag pattern for a possible leg up to ATH and beyond.
ABBV Rebound WaveABBV looks as though its in a correction wave pattern above the moving averages and going to the top of the range. It recently posted a higher low which is a signal that a new short term higher high will be made around 111.
ABBV billish breakout$ABBV with a very very nice BO, backtest and candle that appears to have been bought up!
- Trading above all significant MAs
- 8 EMA just crossing the 21 EMA
- Tons of room in the bands
Like this set up alot for a longer term play
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 $103.8
Take profit strategy: I'm taking at the 55% of max.profit in this case with auto sell order. (at 3.85 credit)
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$ABBV 4HR Update, Looking StorngThe trend is your friend here, looks strong and increased institutional ownership. Has open gap, strong momentum. On the radar
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!
ABBV - BUY AND MAKE PROFITABBV - A stock worth buying the next time I bought it.
Everything is in favor of this stock, from the charts, the business plan, the accounting sheet and the hedge funds that bought it.
Good luck with ABBV.
**TA Practice**Keeping an eye on ABBV. Riding a massive rising wedge into all-time highs. From what I understand, rising wedges are a bearish formation. I am being even more cautious with the possibility of a potential rising wedge into a double top at all-time high psychological resistance.
ABBV Rebound WaveABBV has recently had a higher low and now remounted over the moving averages showing bullishness again. I suspect this will make a slightly higher high to the 112 area.
$ABBV HAS BEEN CONSOLIDATING AND SHOULD POP SOONI've been focusing on abbv for awhile now, but abbv has been consolidating and should b popping this week of February 22, 2021
Wedge breakout soon?Looking for a drop the the lower blue horizontal line 102 - 103 and possibly and quick power break through.
