AbbVie may fall to 149.60 - 153.00

Our pivot point is at 172.

Our preference

Target 153.

Alternative scenario

The upside breakout of 172 would call for 178.2 and 181.7.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (169.176) but above its 50 day moving average (164.6178).

Supports and resistances

181.7 **

178.2 *

172 **

169.7

167.25 (USD-last)

156.6

153 **

149.6 *

146 **

Number of asterisks represents the strength of support and resistance levels.