TEVA, A potential both-sided inside day.It's really tough for TEVA investors since 2016, everything seems so bad for this generic drugs giant.
They finally got a new CEO and got good news from FDA, which enabled the stock price to bounce 20% in 2 days.
Here we got this inside day after such a big movement, so the direction it broke becomes so important to the following sentiment on this name.
Trading this inside day directly is also an OK idea, but I would more like to find intraday trade in 5/15/30 minute chart as I don't really want to swing this name unless I have a very successful day-trade.
*For educational use only
Trade ideas
TEVA shares moving sideways...TEVA shares moving sideways. Nonetheless, buying at a 16-18 USD level can be a good investment in the long run. I suppose the exchange rate starts moving in 15-20 usd bandwidth. This movement may take several months. We do not expect any further falls below 15 usd levels. Then, from the second half of next year, a steady wave of embarkation can start with a target price of 38.70 usd. This is about 120% of the proposed bid level.






















