TEVA/N trade ideas
TEVA H&S formation - price preparing to turnThe $TEVA chart just keeps getting better and better....
Quarterly chart is rejecting last 2 major lows with a pinbar with stoch RSI overbought
Ideally we bounce here to retest the fibs and form a right shoulder before complete capitulation.
If the H&S formation is confirmed $TEVA should head down to levels we haven't seen since the 90's ($10 and below)
TEVA sell on good ##TEVA is in steady downtrend, since last Dec it's being consolidating blw previous strong support at 35.00. Today's good report is a great chance sell more at a very attractive price.
So today I would be looking for shorts against 35.00
Buy $Teva HereShares of Teva Pharmaceutical Industries Ltd (NYSE:TEVA) plummeted after-hours Monday after four patents on Copaxone were invalidated. The stock fell as much as 10% to nearly $31. Teva Pharmaceuticals has been under pressure for months from government threats of drug price curbs. The stock is trading at 10 year lows. I am alerting investors that there is major support on Teva Pharmaceuticals at $30.00. This is where I expect it to bounce based on historic support stretching back to 2006. I expect a long term bottom in the $30 range and will be accumulating a large position.
See my verified track record here: verifiedinvesting.com
Possible H&S within TEVA?We appear to be bottoming at the neckline of a potential H&S. This thing is a monster and can be easily seen on the 6 month and yearly time frames.
You could buy the relief rally that takes us back up or wait for extra confirmation and sell the relief rally with a formation of that shoulder.
For my man vDr78-- a look at TEVA pharmaHeres a stab at fibs for TEVA. unfortunately, i can't give you a target entry because it looks as if the company has been selling off all year, with the exception of a couple of pullbacks. Healthcare industry is risky atm! If I had to go in, it would be after a move upwards to the bottom rectangle. That's how I tend to chart at least. Be careful!
Swing #Trading Long $TEVA on Hammer reversal, oversold conditionSwing Trading long TEVA in NYSE on extreme oversold condition & Hammer reversal candlestick
(TEVA)-Entering buy zoneNo position yet. Refer to chart:)
If you have any thoughts about this company, please leave in the comments:)
$36, major support level for TEVA.Technically Speaking
Price is coming up on the $36 level. This level has held as support going back to 2009
I don't know if it will hold but the R/R seems to favor a long position IMO.
I have not dug into the fundamentals yet, so if you have any insights, please leave a comment.
TEVAThe Daily trend is in a Downtrend technically indicated by following:
• Price is currently trading BELOW the downtrend trend-line.
The downtrend is confirmed from the MAs. Bearish cross observed- MA 10 cross under MA20.
RSI:
• RSI is BELOW the equilibrium level- 50. Bearish Momentum.
• Bullish Divergence: New price bottoms are getting lower as a certain RSI bottom is rising indicating weakness in the downtrend.
Generally, monthly and weekly charts are also downwards.
Considering all the points above, we are in a “watching and waiting” situation because of the short-term bearish range seem to have narrowed down.
Bearish Scenario:
With a break (daily close) below the support-monthly trend-line, we will recommend SHORT POSITIONS for the no position holders on TEVA. Take profit at 40 -38.50(SMA200-monthly) and then at 36.00(S2) and stop loss should be a bit above the S1, thus the stop loss is at 43.50-44.00 area.
For Short-holders we will recommend to HOLD their short positions and adopt the same stop loss and take profit orders as mentioned above.
Bullish Scenario:
While sentiment remains unclear for long position, it is better to observe a confirmation of the bullish divergence. Therefore we are waiting for a reversal move – FAILURE SWING BOTTOM. Then long strategy will be with take profit at R1-R2 and R3 and stop loss a bit below the S1.
SOLD TEVA SEPT 16TH 47.5 PUTSelling the 47.5 put naked here below support as a potential precursor to a covered call, which I got filled for a .73 ($73)/contract credit.
Basically, my thought process here is that I might want to covered call TEVA, but don't want to buy shares here at 53 (lower is better). I'll naturally watch price and roll the short put down and out for a credit should it appear that it's going to totally implode such that I could get the shares even cheaper. Otherwise, I'll just keep the credit collected for the short put here and/or cover in profit it if something better comes along.
TRADING IDEA: TEVA SEPT 16TH 47.5/60 SHORT STRANGLEPost-earnings, TEVA's implied volatility rank/implied volatility are still quite high, and the 47.5/60 short strangle goes for 1.58 ($158)/contract at the mid.
Look to take it off at 50% max profit ... .
Defined Risk Alternative: Sept 16th 42.5/47.5/60/65 iron condor, currently going for 1.13 ($113)/contract at the mid.
TEVA Failed Breakdown - Moving HigherTEVA had a couple of failed breakdowns below support, and appears to be moving upward.
TEVA - A huge earning options bet Failed to notice this prior to closing. :(
Some big boy option trading firm expecting an explosive move on TEVA post earnings.
a total of 8307 Long Straddle Spread contracts were executed for a price of $3.65. That's approx = $3,000,000. For those who needs a further explanation, This is a non directional bet (either bullish or bearish) for the stock to open above $61 or below $54 by the end of next week.
Expected move is only $3.00
TEVA Shorting Opportunity Hello everyone, we have a potential pattern on this pair along with the structure . The targets are highlighted on the chart with two PRZ's.
Good Luck
For info: kevinsdhaliwal@hotmail.com
Twitter: kevindhaliwal1
Instagram: AllTradingIdeas
Accumulation below the level of the earning level.Accumulation below the level of the earning level.
