TEVA: Potential monthly bottom spotted

6 апр. 2017 г.

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

7 апр. 2017 г.

Комментарий

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

8 апр. 2017 г.

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

18 апр. 2017 г.

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Weak action, underperforming the market and the sector...I'll wait for the monthly downtrend expiration to reenter longs. Also, watching it after earnings.

18 апр. 2017 г.

Сделка закрыта вручную

20 апр. 2017 г.

Комментарий

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

20 апр. 2017 г.

Сделка активна

2 мая 2017 г.

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

2 мая 2017 г.

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TEVA

10 мая 2017 г.

Сделка закрыта вручную

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.

11 мая 2017 г.

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Entered a bit after the open...

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

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

16 мая 2017 г.

Комментарий

22 июн. 2017 г.

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I will reenter this trade tomorrow, ideally on dips.