Possible bounce on $TEVAteva has pulled back now for 3 days, we can possibly have a bounce off the 50MA, if this turns out to b the case, then this would result in the 21MA crossing above the 50MA which signals a bullish move, manage risk. GLTA
T1EV34 trade ideas
Teva still positive but...$Teva is still positive in the uptrend although the candle of yesterday has turned some indicators in bearish position. Over the mid term bullish trend is still strong. Having said that next candles have to be monitored because on a monthly basis there is a potential dragon fly bearish, thus a prompt recover toward the upper edge of the bullish flag is important for further climb. I will keep the chart under observation in the next days.
Teva Announce Positive Topline Phase 3 Fasinumab ResultsTEVA: Teva Pharmaceutical Industries Ltd.
2018-08-16 07:00:00
Regeneron and Teva Announce Positive Topline Phase 3 Fasinumab Results in Patients with Chronic Pain from Osteoarthritis of the Knee or Hip
TEVA is recharging the battery waiting next earnings release ($TEVA) was accelerating the uptrend but since some days it has come back on its path inside a bullish flag. It is important to note that next week earnings will be released so high volatility should be expected. Masch is about to turn on bullish mode RSI is quite down and vortex is neutral.
I might expect that some investors will get long before the earnings pushing the price up but it is just an hypothesis. So far we are still inside the range with lower and upper edges showed on the chart.
$TEVA LongThis is a pretty simple setup. We have a triple bottom with a strong FL. I feel the r/r here is definitely worth it. The hourly chart looks nice closing above the 13ema. I bought the Aug 25c here. I will set my stop loss at 22.88. Dont forget we also have Buffet buying this stock. Normally i write a longer summary but this set up is pretty easy and visible to all.
TEVA up trend is acceleratingAs showed in the picture trend is accelerating as a sign of streght for TEVA. After some consolidation pauses we have a situation where RSI in pointing up, MACD non really clear as we have had a lateral movement, volatility stop positive.
Red trendline is showing the acceleration. TP around 27 first and 30 dollars after. Despite some up and down of nasdaq, Teva has held the hit continuing the lateral movement rather than going down, another sign of strenght at the moment.
$TEVA - Berkshire breakout? Disclaimer, TEVA is in a very bad financial position, with dwindling cashflows and large debt. Buffet has always been the king of "value investing", hence why a position in Teva isn't surprising from him - it's most likely that he sees the company as severely undervalued and is entering into stages of repair.
Buffet's new position in Teva was widely publicised this week:
fortune.com
markets.businessinsider.com
finance.yahoo.com
Just after Buffet disclosed the position, Teva announced the U.S. release of the QVAR Redihaler Inhalation Aerosol.
www.streetinsider.com
-new form of asthma inhalation treatment
-breath actuated
I don't think this is too important. I'd much rather to follow his other position into AAPL rather than TEVA
Looking good to test the top resistance!This is a longerterm swing trade might be a good option play.
LONG $TEVAFrom looking at the chart patterns, I believe we will see a somewhat classic cup and handle pattern into the next few months. I am anticipating an upward breakout trend now that WB has increased his stake in the company and increases shareholder confidence . After consecutive bad earnings reports I believe this company will recover due to the modest estimates for next quarter. I also think analysts will increase their one year price targets once they have a positive earnings report. In my opinion a good buy and will be buying in next week after markets close Tuesday.
$TEVA LONGMA cross gives the long signal. Plus Warren Buffett bought more so the crowd is jumping on board.
Teva is now a buyAfter a couple of years where price has persistently followed the downtrend, last week Teva broke up such dynamic hreshold. Price has confirmed such trendline with a hammer 3 days ago at 17.04 dollars. Moreover we have the cross on the daily pattern between MA 50 and MA 200 turning to bullish set-up. Q1 earnings has been released beating expectations. SAR is positive and supertrend recently turned into bullish conformation as well. Trump is due to talk about drug prices this week but I don't deem Teva will be harshly impacted, because of the type of business. On a daily basis the hammer of three days ago confirmed by two green candles bear witness to a short term reversal. TP around 21.50/21.80
TEVA: A 5-wave down. Primary count shows A&B completed with CTarget at $27. Alternate count shows ABC completed with wave 1&2 down complete and wave 3 next. Bear trend and no sign of trend change yet.
TEVA Bullish bat pattern and demand zone before ERTEVA usually has HUGE move on its earning release day, which is 5/2.
Here we got an bullish bat pattern but it's still way too far from the entry, while with regard to the potential huge move,
it worth noticing beforehand and if it actually got crashed all the way there, it could be a high-risk high-reward trade!
To start this trade ,there are 2 conditions to match
1. It gets slumped after ER
2. There are reversal signs between 11.50-12.00
Although it's still too early for this plan, but it doesn't hurt to make trading plans!!
Let's see how it goes!
Teva the ending? Time to go Long?We are still on a downtrend...
But a dobbel bottom, on the 1 H time frame.
Maybe we can break out og the Down trend, and make NH?
Hope so.
Let's see.
TEVA: Potential Value BuyPotential Buy opportunities are identified by the price levels at 16.75 / 14.75 (USD)
Bullish Target (Long Term) 34.75
Berkshires average price is likely around 16.50~17
Research
Sector: Pharma
Publically Disclosed February 15 that Berkshire Hathaway bought shares but it is unclear exactly when they purchased 18,875,721 shares of the company when the price averaged around $15. The $357.7 million stake represents 1.86% of the company and merely 0.19% of the portfolio (4th Quarter 2017) In another 2017 development, Teva suspended its dividend. A cessation of shareholder payouts, dire results and heavy debt prompted the market to run from the stock.
TEVA develops, manufactures and sells generic medicine in a range of forms including tablets, capsules, injectables, inhalants, liquids, oitments and creams. They also create specific specialty medicines that assist the Central Nervous System and Respiratory medicines focused on asthma and chronic obstructive pulmonary disease. One of their primary drugs is Copaxone.. used to treat multiple sclerosis however we are seeing more and more generic competition come into the marketplace
Teva’s new Chief Executive Officer Kare Schultz laid out a vast cost-cutting plan in December, halting dividend payments and eliminating 25% of the global workforce. He has repeatedly stated that his biggest priority is to curb the company’s $31.4 billion debt pile..
Other Resources
www.forbes.com
Announcement of new asthma drug
www.streetinsider.com
Trading can contain substantial risk and is not suited for every investor. An investor could potentially lose all or more than their initial investment. "Risk capital" - is money that can be lost without jeopardizing ones financial security or life style. Only "risk capital" should be used for trading and only those with sufficient risk capital should consider trading. I am not a licensed financial advisor nor do I give out financial advice. You assumes full risk and responsibility for their trading activity. Past performance is not indicative of future results. Individual results will vary due to a variety of market and timing conditions.
Teva Pick of the day pt:21.16 Arbitrage band has signaled a flag on the daily scale.
Arbitrage advance level is above the 0 line on the daily scale which means our Arbitrage Band is pointing up.
Arbitrage Tick is showing a new higher high within the last 3 days on the daily scale
Also on the 15 minute chart
We are sitting 3 deviations out. This should be the floor
TEVA - Big Gains in the futureReverse H&S - Wave ABC look to be in the works - This is just a quick trade but, longer trade is possible :)
