TEVA: Potential monthly bottom spotted

6 avr. 2017

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 avr. 2017

Note

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

8 avr. 2017

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

18 avr. 2017

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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 avr. 2017

Trade fermée manuellement

20 avr. 2017

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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 avr. 2017

Transaction en cours

2 mai 2017

Note

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

2 mai 2017

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TEVA

10 mai 2017

Trade fermée manuellement

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 mai 2017

Note

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 mai 2017

Note

22 juin 2017

Note

I will reenter this trade tomorrow, ideally on dips.