in the chart I highlighted the last bounce from the "hystorical support" at 35,40 dollars. I drew also the main downtrend line since 12/2015. This is an interesting point because 2 solid supports pass thorugh it and price is conferming this bullish area. Earnings are expected to come in two weeks but in any case this is a tempting occasion to go long with tight SL slighlty under 35,40 dollars.
Trade closed: target reached:
before the earnings release I closed the position at 38.45 gaining roughly 5%. TEVA, the main competitor, lost 9,45% after earnings, thus I will carefully watch what will happen on the 8th of August (my birthday by the way ahahah)