ABBV is showing a classic Descending Triangle. Don't miss the move.
Bearish continuation pattern.
Technical analysis of AbbVie (ABBV) reveals a significant setup. With a last close of $208.84, volatility remains active (-2.86%). The primary technical feature is a Descending Triangle formation. The trend indicator is reading 25.2/100, suggesting moderate momentum. A potential breakout level is identified at $201.8, targeting $166.49 with support near $220.45 (R:R 1.89).
What is your outlook on ABBV?