TEVA, inside day in front of exhaustion gap!
Updated
TEVA was one of my favorite company to trade back to 2014-2015, and I was so bullish on the company then based on fundamental analysis~
After I stepped in the world of technical analysis and momentum trade, the story of TEVA has totally changed, too.
There was a significant "island" formed by the exhaustion gap, and here comes an inside day.
The short is the confirmation entry and the 8/21EMA correction combination; the long, on the other hand, is not a very great idea as it's fighting with the resistance.
It's a better short than long inside day case, (compared to the relative idea below-- a both sided trade)
Again, it doesn't imply I am predicting which direction it will break at all!
Link to TradingView live chart! Welcome to click it as a like button lol~
tradingview.go2cloud.org/SH1RI
After I stepped in the world of technical analysis and momentum trade, the story of TEVA has totally changed, too.
There was a significant "island" formed by the exhaustion gap, and here comes an inside day.
The short is the confirmation entry and the 8/21EMA correction combination; the long, on the other hand, is not a very great idea as it's fighting with the resistance.
It's a better short than long inside day case, (compared to the relative idea below-- a both sided trade)
Again, it doesn't imply I am predicting which direction it will break at all!
Link to TradingView live chart! Welcome to click it as a like button lol~
tradingview.go2cloud.org/SH1RI
Note
nice inside day trade yo!
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