AbbVie Inc.
Pembelian

Two strategy approach to ABBV, buy on throwback or a break out

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ABBV has broken out of the falling wedge and with that, it confirmed the terminal end of the correction. With the recent cup and handle formation, we think that a bullish upside may come however, Friday's shooting star is a concern and as such, we will place the buy order at US$156.90 to confirm the breakout trade. Another strategy we have in mind is to wait until prices retrace to their nearest support at US$143.74 to anticipate a rebound.

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