Long

TEVA: Potential monthly bottom spotted

Updated

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

Comment

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

Comment

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

Comment

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

Comment

Bottom's in...monthly downtrend expires now. Expect a 9 month rally now!

Comment

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.

Comment

Entered a bit after the open...

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

Seems like we nailed this one guys, let's see how it evolves to add on dips - chart

"

Comment

I will reenter this trade tomorrow, ideally on dips.

IvanLabrie

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