ABBV is showing a classic Rounding Bottom. Don't miss the move.
Gradual reversal from bearish to bullish.
Traders are watching AbbVie (ABBV) as price action tightens. With a last close of $215.02, volatility remains active (1.28%). Algorithmically, a Rounding Bottom structure has completed. The trend indicator is reading 30.9/100, suggesting moderate momentum. A potential breakout level is identified at $215.8, targeting $240.85 with support near $203.28 (R:R 2.0).
What is your outlook on ABBV?