Allergan Inc. finished last week on an indecisive note after a long downfall. Its previous rebound attempt was turned down by the systematic risk triggered by the macroeconomic news.
The equity is currently trading near to its July's bearish trend, in blue. Unless the equity breaches 303.73, the bearish market is set to continue, with 280.56 as a primary objective.
Breaching 303.73 will lead it back to 310.09, forming a more bullish pattern.
Allergan Inc.'s weekly Pivot Point is around 296.26. Its weekly support levels are around 288.76 and 282.35. Its weekly resistance levels are around 302.70 and 310.17.
The equity is currently trading near to its July's bearish trend, in blue. Unless the equity breaches 303.73, the bearish market is set to continue, with 280.56 as a primary objective.
Breaching 303.73 will lead it back to 310.09, forming a more bullish pattern.
Allergan Inc.'s weekly Pivot Point is around 296.26. Its weekly support levels are around 288.76 and 282.35. Its weekly resistance levels are around 302.70 and 310.17.