TEVA: Potential monthly bottom spotted

מעודכן
I'm entering longs here, averaging in gradually. I anticipate a monthly scale rally, back to 54.59 possibly, coming off a double bottom at key support, with an extremely low valuation, and positive news regarding breakthroughs in delaying drug metabolism.

Good luck!

Ivan Labrie
הערה
This is looking like a bull trap for now, but I'm willing to let it move for a while longer.

תמונת-בזק
הערה
I like how it's acting overall, I will average in until I have a full position.
הערה
תמונת-בזק

Weak action, underperforming the market and the sector...I'll wait for the monthly downtrend expiration to reenter longs. Also, watching it after earnings.
העסקה בוטלה באופן ידני
הערה
Up for the day after a smaller range bar, from the bar that prompted me to take my exit...I like it for a reentry here: תמונת-בזק

Stop: 28.98
עסקה פעילה
הערה
תמונת-בזק

Bottom's in...monthly downtrend expires now. Expect a 9 month rally now!
הערה
TEVA תמונת-בזק
העסקה בוטלה באופן ידני
תמונת-בזק

Waiting for earnings, reports before the open tomorrow. I would like to see what the guidance is, and if viable, go long once more. I am flat currently.
הערה
Entered a bit after the open...

From my signals group:
"Buy a 7% position in TEVA, stop at 28.57 תמונת-בזק

Seems like we nailed this one guys, let's see how it evolves to add on dips - TEVA chart תמונת-בזק "
הערה
תמונת-בזק
הערה
I will reenter this trade tomorrow, ideally on dips.

תמונת-בזק
AMGNbiotechIBBkeyhiddenlevelsPGrgmovTEVAtimeatmodetimwest

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