ABBVIE Any pull-back is a buy opportunity.

27 lug 2023

AbbVie Inc. (ABBV) is having the strongest 1D candle since October 13 2022, hitting the 1D MA200 (orange trend-line) for the first time in almost three months. The long-term pattern is a Channel Down and this one is the bullish leg to a new Lower High.

The 1D RSI has breached into overbought (70.00>) territory so any pull-back is a buy, even on the current levels. Our medium-term target is the 0.786 Fibonacci retracement level (158.50) similar to what happened on the December 09 2022 High.

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