TEVA trade ideas
TEVA Long, Using EMA144 as support Using EMA144 as support
Demand Zone confirmed.
Entry: 11.2
Stop: 10.2; Below EMA144
Target: 14.2; risk/reward=1:3
This is a trading school homework. 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.
TEVA doughAnalysis done on 25/05/2020
Fundamental
→ 20 & 40 SMA sloping up
→ 20MA > 40MA
Awaiting buy trigger
→ CCI <-100
→ Low of daily bar touches 20MA or goes below 20MA
→ Close above 40MA
Pull trigger
→ Buy 1 bid above previous day high
→ Sell 5 bars later exclusive of initial bar
Stop Loss
→ 50% below price bought
$TEVA - Weekly Chart 2020Teva's earnings May 7th - www.sec.gov
Weekly chart is flashing buy signals with the 50SMA Crossing back under the price.
Unknowns: COVID-19 impact on TEVA earnings
Decision - Wait until after earnings to get in, still to many unknowns.
The reason I like TEVA : Possible Turn-around play, looking for teva to turn net-loss to net-profit in the coming years if they continue to lower debt and start turning profit.
Earnings (loss) per share attributable to ordinary shareholders:
Basic ($)
2020 - Lower?
2019 - (0.91) even lower?
2018 - (2.35) Lower loss
2017 - (16.26) Huge loss
2016 - 0.07 Smaller profit
2015 - 1.84 Profit
Diluted ($)
2019 - (0.91)
2018 - (2.35)
2017 - (16.26)
2016 - 0.07
2015 -1.82
www.sec.gov
$TEVA Catches Fresh Momo as Malaria Drugs Get the NodTEVA shares are popping to start off the week as the company gets into the middle of the chloroquine emphasis to battle the COVID-19 outbreak. The longer-term picture is defined by the potential for fresh momentum after successfully holding key support.