TEVA usually has HUGE move on its earning release day, which is 5/2. Here we got an bullish bat pattern but it's still way too far from the entry, while with regard to the potential huge move, it worth noticing beforehand and if it actually got crashed all the way there, it could be a high-risk high-reward trade!
To start this trade ,there are 2 conditions to match
1. It gets slumped after ER 2. There are reversal signs between 11.50-12.00
Although it's still too early for this plan, but it doesn't hurt to make trading plans!!
Let's see how it goes!
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Not too crazy, this 2618 short also worth noticing