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
Good luck!
Ivan Labrie
Note
This is looking like a bull trap for now, but I'm willing to let it move for a while longer.Note
I like how it's acting overall, I will average in until I have a full position.Note
Weak action, underperforming the market and the sector...I'll wait for the monthly downtrend expiration to reenter longs. Also, watching it after earnings.
Trade closed manually
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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: Stop: 28.98
Trade active
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Bottom's in...monthly downtrend expires now. Expect a 9 month rally now!
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TEVA Trade closed manually
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.
Note
Note
I will reenter this trade tomorrow, ideally on dips.
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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.