This is simple trade
The moving average crossed over a few days ago signaling a buy and has remained there (I always wait a couple of days to confirm the trend)
My first target is the $11 resistance (a 9.5% move)
My second target is $ (nearly a 30% move)
It is possible to expect a little weakness over the next couple of days and pick it up below $10.
Good luck!
Headquartered in Israel, Teva Pharmaceutical is the largest generic drug manufacturer in the world. The company was formed in 1901 and has a portfolio of more than 3,500 medicines--roughly 1 out of 9 generic prescriptions in the U.S. is filled with a Teva product. The company also develops branded pharmaceuticals in the central nervous system, oncology, and...
Asset and Time frame -TEVA,4H & Daily
Entry Price -11.03
Exit(Stop Loss) -10.75
Exit(Take Profit) -12.44
Technical Analysis - Price action is moving inside a daily confirmed tunnel + 100 MA as support,also Fibonacci C reaction ,a bit of a risky trade because of the close stop loss, but if it will be able to go back into the tunnel, the reward will be really good
Healthy correction after a great move upside it made at the very beginning of the year, now TEVA is ready for the next move after breaking resistance trend with a gap up.
My stop price is 9.89
Teva has been trading within a range from March 1st low as you can see from the blue support line plotted. Looking for a reversal at this level be it a 2-2 or a 2-1-2.
Technical Confirmation: Staying above the March 1st low - Looking for confirmation of the reversal once support level is reached.
Trade Execution: 10 or 9.50 CSP. Provides additional room for...
Showing the Monthly chart instead of the cup & handle pattern on the Daily. It has already gone up from the 'handle', but it seems there's still some upside to go on the longer term.
Taken a real beating since Jul'15 and price has bounced off $8 support. Momentum is strengthening as well, so that's a good sign.
Target profit 1 at $15-16, next resistance +...
Good day, traders🔥
There is one more interesting formation for you.
Ascending triangle on TEVA financial instrument.
Previous bearish trend was broken and now the price is in a consolidation.
It may be a good signal for trend to reverse, but don't rush, wait for the clear breakout.
Follow the chart and look for the breakout carefullly....
