TEVA: Potential monthly bottom spotted

2017年4月6日

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

2017年4月7日

註釋

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

2017年4月8日

註釋

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

2017年4月18日

註釋

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

2017年4月18日

手動結束交易

2017年4月20日

註釋

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

2017年4月20日

交易進行

2017年5月2日

註釋

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

2017年5月2日

註釋

TEVA

2017年5月10日

手動結束交易

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.

2017年5月11日

註釋

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 "

2017年5月16日

註釋

2017年6月22日

註釋

I will reenter this trade tomorrow, ideally on dips.