Teva: The flag’s ready — someone just needs to hit “launch”Teva Pharmaceutical (TEVA) is setting up for a potential continuation move after a clean impulse. On the daily chart, we have a textbook bull pennant — and not just any sloppy one. Price has broken above the 200-day moving average, and all key EMAs (50/100/200) now sit below price, confirming a solid bullish structure.
Volume behavior fits the script: declining inside the pennant, signaling pressure is building. More importantly, the Volume Profile reveals a low-volume void above current levels — meaning there’s little resistance until we hit the $22+ zone. In other words, once this breaks, it could run fast.
RSI is comfortably in bullish territory without being overheated, and the flagpole projection gives us clean upside targets:
– Entry: breakout above pennant resistance
– Target: $22.80 — full flagpole height
– Support: $17.60 — confluence of 0.5 Fib + volume base
TEVA isn’t asking for confirmation anymore — it’s showing it. All systems are technically armed. Now we just wait for the market to press the button.
