Dec. 31 at 3:04 AM
Actionable Trade Alert for
$ABBV:
Market Context:
$ABBV is currently trading at
$229.74, showing strong momentum with an RSI of 64.54, indicating potential overbought conditions but still room for upward movement. The stock is above its 30-day MA of
$227.95 and 50-day MA of
$226.77, suggesting bullish sentiment.
Directional Bias: The stock is trending upward, having recently approached its 60-day high of
$239.29. This upward trajectory, combined with the RSI and moving averages, supports a bullish outlook.
Trade Plan:
- Suggested Entry:
$230.00
- Stop Loss:
$225.00 (risking
$5.00)
- Take Profit Targets:
1.
$235.00 (Target 1: 2.17% ROI)
2.
$240.00 (Target 2: 4.48% ROI)
3.
$269.00 (Target 3: 17% ROI)
This plan aims for a minimum of 17% ROI on the third target while maintaining a favorable risk-reward ratio. Monitor price action closely for adjustments.
https://privateprofiteers.com
