Dec. 17 at 2:00 AM
$ABBV: Current market context shows a bearish sentiment with the last close at
$223.26 and an RSI of 37.06, indicating potential oversold conditions. The price is below the MA30 (
$226.65) and MA50 (
$227.08), reinforcing a bearish bias. The 60D high of
$244.81 and low of
$211.69 suggests a range-bound market, providing key levels for our trade.
Actionable Trade Alert:
- Suggested Entry:
$222.50 (slightly below last close)
- Stop Loss:
$218.00 (below the 60D low)
- Take Profit Targets:
1.
$230.00 (3.4% ROI)
2.
$236.00 (5.7% ROI)
3.
$261.00 (17% ROI)
With the ATR at 4.42, these targets provide significant upside potential while managing risk effectively. Monitor RSI for signs of reversal as we approach targets.
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