AbbVie may rise to 175.20 - 178.50

Our pivot point is at 157.8.

Our preference

Short term rebound towards 175.2.

Alternative scenario

The downside breakout of 157.8 would call for 152.1 and 148.9.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands above its 20 day moving average (163.346) but below its 50 day moving average (170.0988).

Supports and resistances

181.9 **

178.5 *

175.2 **

171.7

164.35 (USD-last)

159.9

157.8 **

152.1 *

148.9 **

Number of asterisks represents the strength of support and resistance levels.