Teva looks like a student who failed an exam and now desperately tries to cover the gaps literally, the gap around 21.4.
On the chart we see a clear breakout of the descending channel followed by a neat retest from above, suggesting the stock is ready to get back into a long-term uptrend.
Volumes in the 17–17.5 zone act like a safety cushion, preventing the price from dropping too sharply.
Technically the next target is gap closure in the 21–22 area, which may unlock the path to higher levels.
From the fundamental side, Teva also has some cards to play: the pharmaceutical sector remains in focus due to rising demand for medicines and biotech solutions, and the company has been cleaning up its balance sheet while expanding new business lines. Altogether, both technicals and fundamentals point in the same direction , buyers are not ready to give up just yet.
On the chart we see a clear breakout of the descending channel followed by a neat retest from above, suggesting the stock is ready to get back into a long-term uptrend.
Volumes in the 17–17.5 zone act like a safety cushion, preventing the price from dropping too sharply.
Technically the next target is gap closure in the 21–22 area, which may unlock the path to higher levels.
From the fundamental side, Teva also has some cards to play: the pharmaceutical sector remains in focus due to rising demand for medicines and biotech solutions, and the company has been cleaning up its balance sheet while expanding new business lines. Altogether, both technicals and fundamentals point in the same direction , buyers are not ready to give up just yet.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔗 Сайт totoshkatrades.com
👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @totoshkatips
👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @totoshkatips
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.