Teva is in a range... Follow the price.
TEVA is oversold on the daily RSI and has been consolidating there for a few days. I believe that a close on the daily and weekly above the $16.60 area should break us higher. Money is flowing into the April $18 calls. That is where my money is at this moment.
Watch the consolidation zone per my chart and keep watch on a weekly or daily close below $16. 50's area. It could try and complete a H&S.
Watch the consolidation zone per my chart and keep watch on a weekly or daily close below $16. 50's area. It could try and complete a H&S.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.