ABBV is showing a classic Ascending Triangle. Don't miss the move.
Bullish continuation pattern.
Sideways movement between parallel supports.
Market participants tracking AbbVie should note the latest formation. Currently at $259.36, the asset is showing upward momentum (0.95%). Price action has carved out a classic Ascending Triangle. This setup is supported by average volume turnover. A potential breakout level is identified at $260.96, targeting $308.07 with support near $241.47 (R:R 2.42).
What is your outlook on ABBV?