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ABBV more probable to go down first before reaching ATH

Short
AbbVie Inc. (NYSE:ABBV)  
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NYSE:ABBV   AbbVie Inc.
Supply and Demand ABBV abbvie wyckoffmethod wyckoffdistribution distribution
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supplyanddemand abbv abbvie wyckoffmethod wyckoffdistribution distribution
This idea is based on Wyckoff's method for determining price objectives using the Point & Figure count of distribution ranges. We can a distribution ranges following schematic 2 for Wyckoff's distribution.

If we take count the ranges separately, this yields a potential reversal zone between 118.50 and 94.50 dollar per share.

Personally I am intend to buy if price reached 106.50 (mid point)

All other information is on the chart.

Good luck,

NQDecipher

Idées en relation

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TARGET has more room to the downside, reversal zone identified
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