$ABBV has been in a “Go” trend since mid May.
While a few “Go Fish” bars of uncertainty have crept in from time to time the trend has always resolved to a “Go”. However, there is a clear level of overhead resistance that price needs to break through and once again we are testing that level. Each time in the past, price has been turned away and we have seen GoNoGo Trend weaken to paint aqua bars around the amber “Go Fish”. Now, again we see price running up against resistance and GoNoGo Oscillator has broken back into positive territory as GoNoGo Trend paints renewed strength with bright blue bars. We see a Go Trend Continuation Icon (green circle) under the price bar as momentum is resurgent in the direction of the “Go” trend. We will watch to see if this gives price the boost it needs to set a new higher high in the coming days.
