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ABBVIE

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1ABBV trade ideas

Triangle Breakout ahead?If the resistance Zone 63.5-65$ cpuld bombed away, the midterm target @ 71 $ can be aimed. Prices above 71$ can be seen as a longterm Buying-Signal Prices below 58.5$ will perhaps cause a fast dip of the former low @ 51-52$ Several positions are thinkable: -Anticyclical Shortterm Short: Entry now (~63,4$) SL=65,55$/TP 59$) Cyclical shortterm lon: Entry 64$ /SL 58.5/TP 71 --> Cyclical longposition above 71$ /SL 67.5$/TP 83-86$ Cyclical Shortposition: Entry 58$/SL 60.5$/TP 51-52$ Good luck If you like it -please like it :-9
NYSE:ABBVLong
by The_Cannalyst
Abbvie $ABBV Switching to Higher Gear for a Break OutDear Fellow Risk Takers, Happy New Year and I bid all of you a very profitable 2015 ahead. Here’s my first Break Out Trading Idea for 2015. Price for ABBV has been trading along a gentle and steady upwards channel, from April 2014 to Nov 2014. Current price action has broken above the upper channel line. In other words, price was gently bullish and now shows intention to become very bullish. Next I would like to draw your attention to the RSI (14) indicator. You will note the RSI low at corresponds to a price of $52.50 and the next RSI low at matches a higher price of around $64.50. In other words RSI(14) is reaching oversold levels at a much higher price level, which indicates a bullish signal. Current price pattern is potentially a classic wave pattern, with Impulse Wave 1 and Retracement Wave 2 defined. If price breaks out on the upside, it is likely to form Impulse Wave 3 (strongest wave). We can only confirm this from hindsight, however we simply cannot rule out this possibility. From and we project that price is likely to break out higher and potentially form Wave 3 of the Elliott 5 wave pattern. Long Entry Condition> Any time from now as long as price stays above 67.00 Stop> Below $64.00 Take Profit Method 1> When price is close to reaching $80.00 Take Profit Method 2> When RSI(14) is close to reaching 77.0000 Time Limitation> All long positions should be closed by 24 Feb 2015. If the break out move is genuine, Price should reach the Take profit levels by 24 Feb 2015. Risk: There is a risk that new market information, available during the Earnings Release on 30 Jan 2015, may negatively affect the price action. There is also a risk that this is a false break out where price will face strong resistance at $69.00 levels resulting in no breakout momentum. Using Support and Resistance Levels of Relative Strength Index> Technical Analysis for the Trading Professional by Constance Brown, Chapter 1: Oscillators Do Not Travel between 0 and 100. Elliott Wave> stockcharts.com Like it, Share it, Follow it~ Trading View: BreakOutArtist StockTwits: stocktwits.com/BreakOutArtist Twitter: twitter.com/BrkOutArtist TradeHero: BreakOutArtist Facebook: www.facebook.com
NYSE:ABBVLong
by BreakOutArtist
3
ABBV too early to tradeMany traders like to trade IPOs and new stocks as the volatility is considered to offer good opportunity. But as a technical trader I find it difficult to trade a stock for which there is less than 5 years data. There is a limited history of how the stock reacts to events - which makes them difficult to analyse. In the case of ABBV a pattern is now beginning to emerge. The trend is clearly up with deep and frequent pullbacks. For a longer-term trader positions would spend more time in negative equity than positive so we would by-pass this one. However, this stock may well settle down into a more simple pattern to trade (i.e. a more linear trend) at a later date. For now, however, it is not possible for me to make a good, informed decision. Not every breakout is an opportunity.
NYSE:ABBV
by iAnneTrader