Get started
Happygains

TEVA Double bottom and breakout at 6$ support or crash?

Teva Pharmaceutical Industries Limited (NYSE:TEVA)  
Happygains  
NYSE:TEVA   Teva Pharmaceutical Industries Limited
Trend Analysis Chart Patterns swing
1
0
trendanalysis chartpattern swing
Taking trends from some record highs it looks like TEVA will either double bottom at the 6$ support with a descending wedge before a breakout or crash down around 60 cents before a wedge breakout on that support. Maybe too risky right now with lawsuit payments blocked and generic competition.
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.