Nov. 22 at 1:40 AM
$ABBV: The current market context shows a strong upward momentum with the last close at
$236.28. The RSI at 83.59 indicates that the stock is overbought, suggesting a potential pullback. The MA30 and MA50 are both below the current price, indicating a bullish trend, but the high RSI signals caution.
Directional bias is mixed; while the stock is in an uptrend, the high RSI suggests a correction may be imminent. The 60D high is
$244.81, which could serve as a resistance level, while the 60D low of
$207.61 provides a support reference.
Suggested entry: Consider waiting for a pullback to around
$230. Stop loss:
$225. Targets: First target at
$240 (near 60D high) and second target at
$244.81 (60D high).
Monitor RSI and price action closely for confirmation of entry and exit points.
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