AbbVie Inc - Long Call Vertical Spread

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Quick trade for monday on ABBV

Breakout formation

1) Swing Pivot

Last swing pivot breaked at 109$

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2) RSI in the middle zone

Many space up and down too.

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3) Squeeze indicator

On my squeeze indicator "prepare for storm" sign.
This in dicator I'm using for predicting any significant move in near future.
See examples in the past.

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CONCLUSION


LONG CALL VERTICAL AbbView Inc

  • Max profit: 120$
    Probability of Profit: 64%
    Profit Target relative to my Buying Power: 31%
    Buy Power: $380 ( max loss without management)
    Max loss with my risk management: ~ $140
    Tasty IVR: 6.9
    Expiry: 66days




*Buy 1 ABBV May21' 100 Call
Sell 1 ABBV May21' 105 Call
Debit call spread for 3.8 debit


Stop/my risk management: Closing immediately if daily candle is closing below $103.8

Take profit strategy: I'm taking at the 55% of max.profit in this case with auto sell order. (at 3.85 credit)


If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and follow my fresh ideas ( @mrAnonymCrypto on tradingview ).
Nota
What a tricky instrument :D
Unexpected gap from nowhere.

Updated bottom trendline (more realistic now), watching the close prices.

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Trade chiuso: obiettivo raggiunto
Target reached. Take the profit and run away at 4.4cr, 60$
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