TEVA trade ideas
Some Long TradeWait for price to enter my Golden Zone then you know what to do.
no confirmation = no trade
no profit margin = no trade
must get a confirmation on LTF
Either 15M Timeframe or 10M or 5M
we must get a change of trend on those timeframes like price coming into the zone with LL/LH and we need HH/HL To come in!
that's how i enter 99% of my trades
$TEVA – Waiting on that Soldier$TEVA – Waiting on that Soldier
It's super interesting how these charts work so well sometimes - this one played really nicely. I wish I was in it... W shaped bowl... cup/handle traced right back to the fib line - which was also the POC of the vol profile... when it popped it stopped right at the previous high.
EMA’s are not lining up as I would like but if $TEVA can break through with a 3rd white soldier – I like the vol profile above to sustain the trend.
Let’s see how it goes!
NYSE:TEVA
TEVA longBreakaway Gap, trendline break;
Price Above EMA20, in upper band of EMA20 Bollinger band (Blank)
Waiting for EMA50 (yellow) above EMA100 (blue) as Golden Cross for long term trend
Entry 10
Stop 9
Target 13
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
TEVA LongMonthly down trendline break
Monthly resistance/support line is support now
Daily Wedge bottom
Price close above EMA144
Entry 10
Stop 5
Target 25
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
Is Teva Pharma Saying Good-Bye to Double Digits?As we enter December, it can be useful to look back at some of the companies that struggled the most in 2020. They may offer downside opportunities into yearend.
One of the biggest examples might be debt-laden Teva Pharmaceutical Industries.
TEVA was struggling long before coronavirus, having steadily declined since late 2015. It had a big bounce between October 2019 and February 2020, doubling from long-term lows. It tanked again in March before rebounding back toward $12.
That’s when sellers appeared to take control again. TEVA made slightly lower highs versus its pre-crash peak. It chopped in a range over the summer before knifing downward in mid-August.
The stock tried to get back into the double digits on October 9, but slammed into resistance at its 50-day simple moving average (SMA). It bounced again in early November but is stalling again slightly below $10.
Three other indicators may suggest a move lower is coming soon. First, stochastics were overbought on the last bounce. Second, Bollinger Band Width has tightened to its narrowest levels since early November. Third, MACD is on the verge of turning negative.
Finally, TEVA has surprisingly little short interest given its troubled balance sheet, bearish technicals and knack for guiding lower. How long before the bears start to smell blood?
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TEVA to Long, Demand Zone Existing Condition:
1. Monthly Demand Zone
2. Daily Demand Zone
3. Trendline Break
Entry below 9.9
Stop : 8.9
Target1: 13; risk/reward=1:3
I am not a PRO trader. I need few months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.