Stocks

AbbVie may rise to 205.70 - 210.50

2024-08-12

181.7 is our pivot point.

Our preference

The upside prevails as long as 181.7 is support.

Alternative scenario

Below 181.7, expect 173.6 and 168.9.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 180.8605 and 172.979).

Supports and resistances

215.5 **

210.5 *

205.7 **

200.8

189.93 (USD-last)

184.9

181.7 **

173.6 *

168.9 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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