AbbVie may fall to 141.40 - 144.40

Our pivot point stands at 160.5.

Our preference

The downside prevails as long as 160.5 is resistance.

Alternative scenario

The upside breakout of 160.5 would call for 165.8 and 168.8.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 160.8885 and 166.4632).

Supports and resistances

168.8 **

165.8 *

160.5 **

158.5

156.31 (USD-last)

147.4

144.4 **

141.4 *

138.4 **

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