CHART OF THE WEEK - AbbVie Inc. (ABBV)

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DISCLAIMER: This chart is based on this date. I'm not suggesting a move up or down. I'm showing a chart I'm watching. I'm not recommending this stock as a purchase. Think of it like this, your showing the world thru my eyes and how I see this chart. Period!
CHART OF THE WEEK
AbbVie Inc.	ABBV		LAST TRADE >	$89.06
See Current Stock Price-ABBV			POSTED ON	1/11/2020
See the World thru my eyes' - chart breakdown of the week
AbbVie Inc. (ABBV) is a Large Cap, Big Pharma company that has been sold off recently and I wanted to highlight it because it has a dividend next week and maybe if you agree, you too might play this one. --> With ABBV paying a $1.07 dividend next week, it hits my radar because its could be a nice DIV+CCW play ... it does have earnings but because we buying the stock LOWER ... we might get a little positive ER movement IF they hit earnings ... I like it and have bought 200 shares just for this play. Check the chart and all the important indicators below to see if maybe you will play it.
RSI	SMA (100)	SMA (200)	KELT MID	OBV TREND
53.74	87.15	75.99	88.87	HIGHER
CLICK IMAGE TO SEE IT LARGER IN ITS OWN BROWSER WINDOW

                           

What's the RSI telling me?
RSI - 50/60 represents a stock that is for the most part fairly valued with some value to the Up side
CPT - with the RSI still in the 50's we still have a little Bullish momentum ... but if this thing drifts lower it becomes more Bearish then Bullish ... in the 50's I feel a stock purchase here you've not bought with all the fluff ... its probably more Fair Value then Over Valued
Support Lines
SMA - When looking for a 'Low Entry' purchase we would love to BUY near the 100 day or 200 day support line. It's not 100% but its a 'Buy Low' situation vs 'Buying High'
CPT - were not near the $75.99 200 SMA support ... but with a 100 SMA of $87x and the stock trading near $89 ... were close enough for me ... its more Low Entry purchase vs High Entry :)
Resistance Line (What Wall Street considers its Top of the Chart near term movement)
CPT - because were not trading higher this is not testing resistance lines ... so this indicator is not a factor in my decision whether I make a purchase in ABBV right now. I would click the link to see where it is trading just for reference :)				See Resistance-ABBV
Keltner Channel Breakdown
KC - The stock is trading UNDER the KC MID line which presents more of a 'Low Entry' purchase and now is the time for me to start watching the stock. I like buying for value UNDER the MIDline.
CPT - this is trading where I like buying my stocks ... the KC MID is a good number to watch because we start to get a feel as too whether the stock is oversold or overbought ... with the stock not trading just 0.30 over the KC MID ... this is a positive for me
On Balance Volume or buying momentum ... is it trending Up?
OBV - The 'On Balance Volume' trend line is UP which tells technical traders that the stock has good momentum or in straight talk, people are BUYING IT. This is a 'Green' checkmark for me.
CPT - HIGHER! I like the positive momentum buying that still exsisit with a stock that is selling off a bit ... we always want to buy stocks that OTHERS are buying too, right :)
Further research with - Using charts for technical analysis, Dividend information and Earnings Report Date
RSI, SUPPORT LINES		KELTNER, OBV
View Chart-ABBV		View Chart-ABBV
Definition of the various charting indicators I use
RSI - The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. Source - https://www.investopedia.com/terms/r/rsi.asp
SMA (100/200) - A simple moving average (SMA) is an arithmetic moving average calculated by adding recent closing prices and then dividing that by the number of time periods in the calculation average. ... Short-term averages respond quickly to changes in the price of the underlying, while long-term averages are slow to react. Source - https://www.investopedia.com/terms/s/sma.asp
KC - The Keltner Channel is a moving average band indicator whose upper and lower bands adapt to changes in volatility by using the average true range. The Keltner Channel is used to signal possible price breakouts, show trend, and give overbought and oversold readings. Source - https://www.investopedia.com/terms/k/keltnerchannel.asp
OBV - On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. ... He believed that when volume increases sharply without a significant change in the stock's price, the price will eventually jump upward or fall downward. Source - https://www.investopedia.com/terms/o/onbalancevolume.asp
Disclaimer - Yes - at the time of this posting I do have a position in this equity. By posting this I am by no means recommending this equity and am not front running for its preformance. I have risked my own money and am accountable for the trade results.
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