Sagar
Will $ABBV break the weekly Memory resistance?

Is it looking like a cup-and-handle in the weekly?

Daily had a gap up open today. If the Memory is broken in the daily, that will confirm the bullishness.

The stock pays a nice dividend yield and is undervalued. It has earnings growth as well.

a 1 2020-02-07_10-11-48.jpg  a 2 2020-02-07_10-10-51.jpg 
0
Sagar
Another successful (a.k.a. profitable) CUE 360 trade that I shared in my forum before knowing the result.

$ABBV.

1) It indeed broke above the weekly Memory resistance.

2) The gap up in the daily was strong enough (and valuation was good enough) to propel the stock higher. The initial stop would be just below the daily gap-up candle. That stop was never touched/approached.

In the daily, it has already generated significant profit, and CUE traders will make sure that the trade ends as a profitable trade.

a 1 2020-02-12_14-23-03.jpg 
0

Disclaimer: This site is for educational purposes only, explaining the use of CUE systems and techniques. It is not for trade advice. Trading involves risk. You and only you are solely responsible for the outcome of your trades.

CUE Elite
CUE Global & CUE Finder
CUE Edge, Vital, Index
Metastock Software (One-Time)
Metastock Data/Subscription
Data Region