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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (68522)	10/21/2021 7:21:10 PM
From: Rarebird	Read Replies (3) of 78774

ABBV is a $145 stock based on my technical indicators. There was a lot of damage done to the chart, but nothing that can't be repaired over the next 12 months. Fundamentally, the news concerning the heart problems associated with the drug was an orchestrated endeavor to push the stock lower and it was successful. It is amazing sometimes to see what the Street will hype to achieve its goals. Took a long position in ABBV today. $105.50 is strong support. Below $102 head for the hills. For me, it is all about Risk vs Reward. The patient, ABBV, is recovering nicely. I have a very healthy prognosis, a Hallmark movie ending for the stock over the next 12 months. Sometimes the light does emerge from the Dark .

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