ABBV is showing a classic Rectangle. Don't miss the move.
Sideways movement between parallel supports.
Bearish continuation pattern.
Bearish continuation if preceding move was down.
A clear signal has emerged for AbbVie (ABBV) on the daily chart. Price has moved to $210.26 (1.84%) amidst recent volatility. Our AI has detected a valid Bearish Flag pattern. The trend indicator is reading 11.9/100, suggesting moderate momentum. A potential breakout level is identified at $201.66, targeting $166.21 with support near $214.1 (R:R 2.85).
What is your outlook on ABBV?