Aug. 25 at 1:15 PM
$ABBV $IHE $XLV
ABBV continues to exhibit constructive post-breakout behavior following its successful reclaim and acceptance above the
$236 resistance level. The subsequent consolidation and rounding pattern served to retest support without materially damaging the bullish structure, while momentum remained firmly in a bullish regime. More recently, price has achieved acceptance above the
$260-
$261 resistance area, suggesting buyers have absorbed another layer of overhead supply. Taken together, the evidence supports an ongoing bullish intermediate-term trend characterized by successful breakout retention, improving support structure, and momentum confirmation.
