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TEVA Stopped Out, Still Looking Bullish

TEVA (Teva Pharmaceuticals) was added as an Active Long Swing Trade on a breakout above the bullish falling wedge pattern back on May 12th. That breakout proved to be a false breakout /whipsaw signal before one last thrust down with the bullish divergences still very much intact. From there, TEVA went on to make a solid & sustained breakout above the bullish falling wedge & closed around the 32.50ish resistance level on Friday. Previous & updated daily charts below: As the stock is quite overbought on the short-term time frames coupled with the fact that it closed at resistance [...]

2017-06-24T17:51:13+00:00Jun 24, 2017 5:51pm|Categories: Completed Trades - Long|Tags: |Comments Off on TEVA Stopped Out, Still Looking Bullish

Trade Ideas Overview (video)

An overview of some of the recent individual stock & sector trade ideas, both long & short, shared on Right Side Of The Chart. For those wanting to skip ahead to a particular trade idea, the following stocks & ETFs are covered in this order: CARA, TEVA, USRM, CLVS, NVDA, LI.V, LIACF, PBYI, PTLA, TINY, FCEL, HIMX, SMH, XSD, SOXX, XLF, GLD & GDX.

2018-01-21T21:09:22+00:00Mar 2, 2017 3:25pm|Categories: Equity Market Analysis, Unofficial Long Ideas, Unofficial Short Ideas|Tags: , , , , , , , , , , , , , , , , , |4 Comments

Possible Breakout on TEVA Bullish Falling Wedge Pattern

TEVA is breaking above downtrend line... watching for an expansion in volume as well as a solid 60-minute close above. Also keep in mind the increase in whipsaw signals around the year-end holidays. Also note that prices are now at the 130-ema which could act as resistance. Unofficial trade idea only. Horizontal lines overhead are resistance levels/potential price targets. 60-minute chart: TEVA 60-minute Dec 22nd

2017-03-08T21:19:16+00:00Dec 22, 2016 10:18am|Categories: Unofficial Long Ideas|Tags: |Comments Off on Possible Breakout on TEVA Bullish Falling Wedge Pattern