AbbVie Under PressureAbbVie, Inc.BATS:ABBVisahebdadiTechnical Analysis The daily chart shows a descending channel, indicating a correction after a strong rally. Key points: •Strong prior uptrend •Current corrective channel •Price near channel support •Moving average acting as resistance Short-Term Scenarios Bullish Bounce If price holds $200–205 and reclaims $215: Targets: $215 $225 $235 Stop loss $198 Bearish Breakdown If support breaks: Targets: $195 $185 $180 Stop loss $210 Long-Term Outlook AbbVie Inc. still maintains a relatively bullish structure. Targets: $240 $260 $280 Stop loss Below $180 Fundamental Overview AbbVie is a major pharmaceutical company. Pros: •Stable revenue •Strong dividend •Solid pipeline Cons: •Drug dependency risks •Regulatory pressure Final Insight Above $215 → bullish recovery Below $200 → deeper correction