AbbVie may fall to 179.40 - 182.20

Our pivot point is at 200.4.

Our preference

Under pressure below 200.4.

Alternative scenario

Above 200.4, look for 205.5 and 208.4.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 194.187 and 194.229).

Supports and resistances

208.4 **

205.5 *

200.4 **

198.2

191.86 (USD-last)

185.3

182.2 **

179.4 *

176.3 **

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