This is simple trade
The moving average crossed over a few days ago signaling a buy and has remained there (I always wait a couple of days to confirm the trend)
My first target is the $11 resistance (a 9.5% move)
My second target is $ (nearly a 30% move)
It is possible to expect a little weakness over the next couple of days and pick it up below $10.
Good luck!
Headquartered in Israel, Teva Pharmaceutical is the largest generic drug manufacturer in the world. The company was formed in 1901 and has a portfolio of more than 3,500 medicines--roughly 1 out of 9 generic prescriptions in the U.S. is filled with a Teva product. The company also develops branded pharmaceuticals in the central nervous system, oncology, and...
Asset and Time frame -TEVA,4H & Daily
Entry Price -11.03
Exit(Stop Loss) -10.75
Exit(Take Profit) -12.44
Technical Analysis - Price action is moving inside a daily confirmed tunnel + 100 MA as support,also Fibonacci C reaction ,a bit of a risky trade because of the close stop loss, but if it will be able to go back into the tunnel, the reward will be really good
Healthy correction after a great move upside it made at the very beginning of the year, now TEVA is ready for the next move after breaking resistance trend with a gap up.
My stop price is 9.89
Teva has been trading within a range from March 1st low as you can see from the blue support line plotted. Looking for a reversal at this level be it a 2-2 or a 2-1-2.
Technical Confirmation: Staying above the March 1st low - Looking for confirmation of the reversal once support level is reached.
Trade Execution: 10 or 9.50 CSP. Provides additional room for...
Showing the Monthly chart instead of the cup & handle pattern on the Daily. It has already gone up from the 'handle', but it seems there's still some upside to go on the longer term.
Taken a real beating since Jul'15 and price has bounced off $8 support. Momentum is strengthening as well, so that's a good sign.
Target profit 1 at $15-16, next resistance +...
Good day, traders🔥
There is one more interesting formation for you.
Ascending triangle on TEVA financial instrument.
Previous bearish trend was broken and now the price is in a consolidation.
It may be a good signal for trend to reverse, but don't rush, wait for the clear breakout.
Follow the chart and look for the breakout carefullly....
Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment.
Start 10.76 USD
