$ABBV major support

27 Nis 2024

ABBV coming into some major support here:

*A descending TL from ATH that was resistance before
*2 year volume shelf starting at 155
* 200SMA on daily

waiting to see how it reacts

* long above 160 & hold on daily
* not willing to short it

key points:
* Humira sales declining further as more competition mounts
* Other drug sales increase compensating somewhat for the Humira decline

17 May 2024

Not

Got back in at 162.5...playing out so far, stop has moved to 162.5 now