I believe TEVA is accumulating, you can see many tops and bottoms are being liquidated. It is a whipsaw for traders in phase b. However, i believe we are going to get a test that will send us outside the range on good news
also from my understanding, large volume on moves down to or near the SC such as ST(B) indicate prolong accumulation. I don't think the ST(B) is technically a spring, because springs usually happen in the latest stages of accumulation. its my understanding that we could be heading for the spring right now.
Integrity_Investments
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@ezdonedeal, Hi! I appreciate your due diligence and currently I must agree with you. My opinion is that we will go to or below 6.07 on bad news but will be a spring back up to over 80% assuming great fundamentals. Currently, it seems that there could be something going on in the background as it looks optimistic in my opinion of the range. Very good insight here, should read into the fundamentals a little bit before big news hits but i think we are looking bullish
I think the schematic for this is the one on top left. (weekly or monthly tr)
fivestarcharts.com/imageFiles/59080bd4-aa9c-4125-ade7-ee8af08dee9c.png
also from my understanding, large volume on moves down to or near the SC such as ST(B) indicate prolong accumulation. I don't think the ST(B) is technically a spring, because springs usually happen in the latest stages of accumulation. its my understanding that we could be heading for the spring right now.