ABBV is a type of trade we don’t discuss often – typically when you have resistance above you do not take the trade, right? You wait until it breaks through.  However – there are times where resistance is just far enough away to make the trade worth it – for example there is about .85 of room on ABBV.  What this does is give me enough upside, but also a natural stop – if it doesn’t break through, and retreats, I take profit (around .50), if it does break through I increase the position once it confirms.
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