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Speculative High-Return Idea - LONG "TEVA"I'm not gonna explain the fundamental data of the company for a long time, but I will say briefly that if you look at the dynamics of changes in the company's data, you can see a stable growth of the EPS indicators and a gradual moving towards a positive P&L. It is also indicative that with the huge fall of markets last week, the company did not “fly down” after the market. In the pharmaceutical sector, which itself is risky for investors, TEVA in recent months has shown good growth and the POTENTIAL for the long-term trend to transition from falling to rising. It has already broken up the resistance line lasting from the highest 2015 year point. However, the idea of ​​this post is no longer in long-term investment in this asset, but in speculative buying. The graph clearly shows the divergence of the asset price lows and its RSI and MACD indicators. According to Fibonacci, the stock adjusted to the desired level. Perhaps the fall to the level of 3703 Israeli Shekels and a rebound, or a rebound will be tomorrow. In any case, it is recommended to wait until the RSI fixes above 30 on the 1-hour chart, and then go into the idea. The way out of the idea is at least 4100 Shekels. Stop loss at your discretion, but 3650 is recommended. If you do not have access to the Israeli market, then do not be discouraged, paper is also listed in America under the same name TEVA P.S. It’s up to you to enter long-term or speculate, I recommend speculating only because I myself am a short-term speculator.
TASE:TEVALong
by Eminence-Grise
SPY speculationAs we know, today the market dropped incredibly in according to the Asian markets. We have been playing off the same trendline support for the past month and a half. Every time we come down into the region we form either an inverse head and shoulders or cup and handle as our reversal pattern. This time we formed a cup and handle pattern. Usually during reversals, we will see the market make a structure low that will trigger oversold and then another one that will actually register as neutral strength. This time we saw the market make a structure low (highlighted in blue circle) and then it registered oversold (yellow circle highlighted). However, we didn't see a retest of new lows to produce a neutral RSI. Instead we saw price just advance higher which makes me speculate if this channel that we have been playing in for over a month will finally be done. We might see it spill over, we did close red on the year just a few days ago. Sentiment isn't too great, be careful, I can see this coming back down after a minimal rally.
AMEX:SPY
by YusufS