TEVA: Potential monthly bottom spotted

已更新
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
注释
This is looking like a bull trap for now, but I'm willing to let it move for a while longer.

快照
注释
I like how it's acting overall, I will average in until I have a full position.
注释
快照

Weak action, underperforming the market and the sector...I'll wait for the monthly downtrend expiration to reenter longs. Also, watching it after earnings.
交易手动结束
注释
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: 快照

Stop: 28.98
交易开始
注释
快照

Bottom's in...monthly downtrend expires now. Expect a 9 month rally now!
注释
TEVA 快照
交易手动结束
快照

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.
注释
Entered a bit after the open...

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

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

快照
AMGNbiotechIBBkeyhiddenlevelsPGrgmovTEVAtimeatmodetimwest

🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/
更多: