Teva: The flag’s ready — someone just needs to hit “launch”
Teva Pharmaceutical (TEVA) is setting up for a potential continuation move after a clean impulse. On the daily chart, we have a textbook bull pennant — and not just any sloppy one. Price has broken above the 200-day moving average, and all key EMAs (50/100/200) now sit below price, confirming a solid bullish structure.
Volume behavior fits the script: declining inside the pennant, signaling pressure is building. More importantly, the Volume Profile reveals a low-volume void above current levels — meaning there’s little resistance until we hit the $22+ zone. In other words, once this breaks, it could run fast.
RSI is comfortably in bullish territory without being overheated, and the flagpole projection gives us clean upside targets:
– Entry: breakout above pennant resistance
– Target: $22.80 — full flagpole height
– Support: $17.60 — confluence of 0.5 Fib + volume base
TEVA isn’t asking for confirmation anymore — it’s showing it. All systems are technically armed. Now we just wait for the market to press the button.
Volume behavior fits the script: declining inside the pennant, signaling pressure is building. More importantly, the Volume Profile reveals a low-volume void above current levels — meaning there’s little resistance until we hit the $22+ zone. In other words, once this breaks, it could run fast.
RSI is comfortably in bullish territory without being overheated, and the flagpole projection gives us clean upside targets:
– Entry: breakout above pennant resistance
– Target: $22.80 — full flagpole height
– Support: $17.60 — confluence of 0.5 Fib + volume base
TEVA isn’t asking for confirmation anymore — it’s showing it. All systems are technically armed. Now we just wait for the market to press the button.
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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.