It's hard to see the stock market correction when you look at this stock chart. TEVA has lagged the market for quite some time and it appears to be lifting from a minor correction.
Risk to 44 for short term traders: Upside to 46.50 for short term:
Tim 1:53PM EST 2/5/2014
Comments
A-shot
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Im amazed. The end of the prediction line is at the exact same place where the price was that period. Great skill!
timwest
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I just exited my TEVA today here (under 52, but now it is 52.64 last)- excellent trade, but sorry if anyone had used the very tight stop parameters from the chart above. Giving a trade enough room is essential to avoid getting stopped out. When Soros gets involved in a stock in a big way, it can surely lead to some strong trends.
vaicru
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good job
You are right
timwest
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Soros just announced its largest position is a long position in TEVA over the weekend.